NST took up their entitlements in the 1:5 CR, and only thier entitlement.
Their % holding increased from others not taking up their full entitlement, not from NST buying up more.
The NST CR investment can get the tenement drilled for ~5% of the actual cost, that's assuming that NXM would actually continue drilling the gold tenement during a gold bull run.
And I'm sure NST are capable of writing off a ~$160k failed investment if needed, not to mention their previous purchases.
Tell me again why NST will halt milling their 100% owned 2g/t ore to profit share milling NXMs 2g/t ore in a high gold price environment. Is it to extend Carosue Dam's LOM an extra six months whilst processing ALL of NXMs 2g/t ore? Is Carosue Dam that low on mill feed?
NXM is NSTs cheap drilling company. Maybe they strike it lucky and those holding for 4 years plus get to see a return on their investment, or maybe the NST T/O speculation just continues.
Either way, I'll ride the SP waves with an open mind considering all perspectives as they present themselves.
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