Watch out for tomorrows NST announcement, page-18

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CashedUpBogun

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20/10/17

15:48

Post #: 28070937
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Originally posted by Pbnewby ↑

Annual Report due today according to morningstar - we should be seeing a lot more info around what the plans going forward are which should calm the horses hopefully. I kept going through those NST drillings and had to put them on a spreadsheet so that I could visualise them better - they really only were looking at one side of Groundrush and no model has been released although I see NST updated their resource model.. it also makes sense why they have kept up the exploration elsewhere around the CTP.. this is small change for NST though I do think they want to design a bigger processing plant and associated infrasture but need to know what size so IMO - they may make another Groundrush discovery then need to double the current capacity - see The Granites and Newmont in the Tanami..

I'm sure the board members dealing with NST who have skin in the game want to look after fellow TAM holders and I'm confident they'll get a good deal out of NST who would want an extension IMO past mid 2018.. - maybe TAM gets more drilling done by NST (higher spending) as part of the agreement on top of an agreement around the possible expansion of the CTP plant going forward?

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NST could swallow up the whole company comfortably. But I am sure it isn't as straight forward as that. Interesting to watch this play out.

TAM Price at posting: 4.1¢ Sentiment: None Disclosure: Not Held
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