I did think Seth was still talking about the history of the mine.
The high grade blending rational makes sense if NST are becoming constrained at Jundee, but for over $100 million you can also get a fair bit of new kit to upgrade your existing facilities (I would imagine). They are obviously interested in the gold and exploration potential as well. Who knows they might have made some additional discoveries to the south of Ramone near the EAR boundary that they are keeping quiet (it has been done before).
I haven't followed the Ramone discovery (still have more work to do there). I have looked at the recent gravity imagery from the "New Gold Province" announcement however and that feature does seem to be deep seated. There are not many historic gold occurrences shown along this feature, between the Ramone and Julius deposits, so at this stage inferring it to be a new plumbing system is still conceptual. I'd like to see a regolith map over the same area. The lotus-Orelia fault intersection target also looks interesting.
The price does look to be heading towards the last? 22cent CR price as @fbx258 's chart is indicating. At these levels those who participated in the CR and who haven't flipped their shares yet will be seeing their stag profits evaporating and might be tempted to take what little profit remains. Sub-22cents (if you gan get it) is probably good buying while NST are circling. Esh
EAR Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
