NST would have loved to get these leases cheaply some time back. I bet they wish they just bought the company when it was sub 20c and off peoples radars. Their recent discovery only proves that. They have jumped on the wagon because they needed a 'seat at the table' according to their CEO.
A $28m seat is some starter number and you don't place that much money on the table without a lot of due dil and awareness. This is virtually a zero risk place for them and the EAR shareholders moving forward. Everything is lined up and the drilling can only make the project larger. The short term share price is irrelevant unless you are a trader.
The recent discovery of a 20km conduit running straight along strike will be drilled. I would not be surprised if some work has already started on that. What happens if EAR hits something chunky along there??? i think that will be the point at which NST puts the gloves on myself. dyor
EAR Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
