I think NST will continue to drill...spending $5-10m per annum on the project is a cheap option for NST and they have been good to their word on that front from day 1. Its more about progressing the project and spending $100-150m to get it back into production that they don't seem to excited about. If the NST plan is to out-wait a HK billionaire then they better come up with a new strategy. Lee Seng Hui wont budge.
Never been a better time to get a project started. Capital raising is easy and even a threat of TAM taking back control of the CTP would probably force NST into action.
Need to draw a line in the sand.
TAM Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
