Tim, a comment on how NST may use its cash pile:
I am half expecting (and hoping) NST to have a go at VXR. It already has more than 10% of the capital. Also, its CEO is part of the newly established Precision Opportunities Fund, which has recently invested in VXR.
https://au.news.yahoo.com/thewest/wa/a/33051600/beament-fotios-team-up-in-resources-fund/#page1
VXR would provide commodity diversification for NST.
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