Upside today is the removal of a liability from the balance sheet and cash instead.
Since NSTs arrival TAM is tied to what they do - and they sure seem interested in the Tanami and the CTP is smack bang in the middle - NST will likely complete the fly overs and drilling before announcing what they will or will not target so again it all comes back to NST's track record which isn't to bad loki IMO..
If NST were to release targets from the recent exploration then it wouldn't be to hard to put 2 and 2 together in regard the CTP and hence TAM so IMO thats where the upside (or downside) rests - on NST's track record.... I know where my bets are - NST have already indicated they are looking for another 1moz within 100km of CTP so putting 2 and 2 together why is CTP the centre for NST in its Tanami campaign - the plant is at CTP and IMO they may well be thinking if they need to refurb for a few mil more wouldn't be be money better spend to increase the capacity and run more through it?
Upside a plenty if NST comes through IMO and I also hold NST
TAM Price at posting:
4.7¢ Sentiment: Buy Disclosure: Held
