q is out, page-31

Tell you what Canon, if RMS falls much more, I would not be at all surprised if Bill runs his eye over it.

Mt Magnet will not be a bad project at all once it gets fully ramped up (so 1st step into Murchison), and he gets 10% of DRM which could be the 2nd step by having a full tilt at it (which is what RMS should have done - though I'm extremely glad they didn't in hindsight!).

ATM its going cheap for three reasons:

1. Wattle Dam looks like its on its last legs and people think that means the company is not going to replace current income
2. People think the current production at Mt Magnet is indicative of future (its NOT, its just commissioning on low grade material)
3. General gold sector weakness

I think they should at least have a look at it...Bill is much clueier than I am so can then decide if its a good deal or not.

I also reckon he could easily get it using scrip without having to offer much of a premium...Sprott would be willing to switch into NST.

I personally am not gutsy enough myself to invest in it...particularly when NST is such a better proposition.

Cdchi1