Good points Spec - I just can't see NST simply twiddling their thumbs when Plutonic is running at $1800 AISC or something like that and they are winding it down before spending big on new drilling. NST only is where it is as you say due to brown field work - but then again thats what a lot of CTP is - when you look on google earth all you see is open pits right along that corridor BUT that was the easy stuff which then makes you look at what Newmont did when faced with the same situation and they went underground and have come up trumps in the Tanami - back to CTP and just look at those results out of Groundrush - some rich patches underground there and from memory NST drilled to 50m grids? and down to 400m? I can't think right now but it seems they may have liked what they were seeing and possibly began gobbling up surrounding ground - back to Newmont and it seems they are still going to drill more maybe ABM is also being spoken to given in the new environment going underground up there isn't such a bad idea anymore?
Time will tell - NST have given TAM more cash so if they are trying to wait them out then why would you help them out financially? I think once we see the update finally to NST's website in regard the Tanami then we'll all know and those who got in early will be doing ok - possibly at ABM as well..
TAM Price at posting:
4.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
