You can look up what the minimum expenditure requirements are on the Department of Mines database. When a company does a CR they need to list what they may/intend to use the money for. I think it just means there's no currently stated campaigns for the money right now.
NST could buy shares if it wanted - how do you know they didn't?
My view is that NST may have made an offer, why wouldn't they buy nearby ounces. The way NXM has approached Crusader/Templar my view is that there's utility in adding value/certainty/analysis to the current resource in terms of $$ for oz in the ground. If NST doesn't buy it, someone else might, or NXM may very well push out a boat of toll treatment or other arrangement. Shallow, easily processed ore - what's not to love.
Pinnacles is one to watch too I reckon.
Ann: $4.1 Million Placement to Advance Wallbrook Gold Project, page-4
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