just a few issues, page-3

Your right WW111, you don't really know what you have until you drill.

But when the market cap is as low as this it is a little beside the point. Yes there are companies out there which have all ready under gone drilling, and are closer to JORC a resource. However the market capital of these companies such as TLM BRM.... are all around the $100million mark. NSL only has a market cap of $7million. You cannot expect to come accross a company that has drilling results on a IGV$15 billion resource, with a market cap that low.

What I think NSL has is value for money. Use this analogy:

If your a used car dealer and you had the choice of buying a Holden Apolo for say $200 or a CV8 Monaro for say $45,000. The Monaro is a much better car and is worth more but you might be able to sell it for a 30% profit at $60,000. The apolo however is worth maybe $2000 and at $200 has little down side.

NSL is like the apolo and TLM is like the monaro.

There is obviously the possiblility that the india resource is not quite so big but that still doesn't warrant such low market cap.

We probably just over a year away from drilling to show a JORC resource however by then what will the market cap be? More likely to $50 to $100 million rather than the current measly $7million.