capital raising, page-7

How about a peer comparison to NST 3 years ago.

1, ~100k oz reserve open at depth and width
2, plant on site on C&M (NST was still operational I think)
3, BNR has some open pit reserve to start (easier the bulk mine) NST was UG only.
4, targeting ~30koz per ann
5, experienced mgnt

So now we have NST with a MC of ~600mill and BNR with a MC of ~6mill

Interested in others comments as to why or why not that BNR could become the next NST. IMO its all there to be done?

Sure NST has purchased other assets, but their MC based on Paulsens alone was ~300mill after they proved they could mine it profitably and show extensions and reasonable grade.