NST own 25% of the Central Tanami project, and it will be increased to 60% upon bringing the mine into production.
Last week, TAM who own the remainder of the project, reached a settlement with MLX who believed they had pre binding agreement in place for the Central Tanami Project.
Now that settlement has been reached, does anyone feel that NST will make a play to buy out TAM, in order to acquire 100% ownership of the project?
TAM's SP is currently 8.5c, and I would estimate that in the current climate, they would potentially need to offer somewhere up to 20c, which would cost them about $200 Million.
Does anyone feel that this is a possibility of happening, or is NST likely just to be happy with 60%
NST Price at posting:
$4.48 Sentiment: Buy Disclosure: Held