It’s simply, NST have spent over $28m to position themselves at the table! Some table. They have to say something without lighting the stock up. It’s a massive understatement and I think it’s gone within 2-3 months.
They have said that the area contains a lot more gold and EAR owns most of the ground. Full stop.
Get this round of drilling done and they will bid imo. NSTs stock is going hard, so if they use some paper and cash, They will make the price work. I won’t be taking the first bid unless it’s very decent. They know exactly what they have bought. The short term weakness are traders who thought nothing would happen short term and the volume would drop- they were right so far, but the rising gold price and more results should see this into the 40’s.
Classic buy and hold with some 30-50% upside to the bid imo. If EAR hits something big within the program, NST also wins even if they have to pay more. Beats bank interest. Other bidders are possible, but they would really have to pay up against NSTs strong paper. Dyor.
