Ann: Settlement with Tanami Gold,TAM-MLX.AX, page-10

Slide 16 of NST's presentation at the latest Denver Gold Forun is worth haveing a look.

http://www.asx.com.au/asxpdf/20160919/pdf/43b93p38mtlqlv.pdf

CTP - "Has the potential to be a 120-150koz per annum producing asset (100%) from 2018 onwards"

Given the joint venture shares are 60%NST/40%TAM, this implies that total annual production is expected to be in the range of 200-250koz pa, with TAM's share being 80-100koz pa.  On ASIC of AUD1050 and $1750 gold price, that would mean net operating revenue of $56-70m pa, from which you need to deduct admin expenses, 30% tax, and perhaps some exploration costs on other tenements held by TAM to arrive at net profits (approx).

I think the market will take a shine to TAM once NST gives the formal go-ahead, by which time the share price could be up another 30-50%.

loki