Corporate Activity......, page-16

Noticed that. 2 lines of 2m. Looks like we have one of those tosser funds unloading at a discount. Been ongoing, but all things come to an end. I was thinking that someone bought hard at higher prices when NST was knocking on the door only to get caught with their duds down as the bid takes more time than ten minutes to arrive. I have little doubt about an eventual bid as the drilling and mining time lines move forward. All this drilling On many fronts must be for the obvious. The company is building resources and reserves into pushing the production button. The recent Ann highlighted the extremely strong fundamentals and low costs. Sellers simple either don’t take the time to read things, they are forced or won’t wait.
What will happen when the company drives its reserves through a million ounces and the probable number (at 90%) to over 2m?
If NST ever needed another 200,000 Oz pa producer, this is clearly it. NST currently producers approx 545k Oz pa and this could give them 200ka more pa for 5 years at their same cost range by years end or early next year. That would allow them to make well over $100-$120m gross pa. The entire company is capped at $140m down here. EAR will just keep on adding ounces and turn this on this year and exploration could reveal a much larger outcome. It remains my no-brainer of the year as a low risk Med return play within striking distance of production. Once the company locks in a small gold loan and provides the time line, you could argue 60c as quick target and I’m sure brokers/ analysts will join the band wagon then. It becomes obvious to everyone then even though NST has flagged this with their 19%.
I have built this view point on all the news the company has announced. In plain view of anyone who puts it together.Dyor.