news is out vrx investment, page-21

Agree with CDCH1 NST is only likely to initially outlay a samll amount of capital however a joint venture may be set up for the development of a processing facility. This will require far more capital. Even a modest 20% interest in the project may cost up to $40 to $50 million if VRX is looking to raise a total of $226million to see through the development. The $40 to $50 mill will not however have to be paid tomorrow. This would be something that is likely to be paid in instalments over say 12months (development time). NST could generate this through existing cashflows. I like the copper component and the close proximity to Sandfire etc. I'm sure that is in the thinking of BB. I did howwver invest in NST for the pure Gold play. Now we have to think more broader to other metals. With SFR and some other Copper plays I think BB has got some solid strategies here. If the initial cash outlay for this deal is relatively small then I expect the SP action on resumption of trade should be minimal to the downside.