Thanks Worzel and JID.
With no debt, the value of Au and TBR shares held is currently worth $72M or $1.18/share ie just over double the current share price.
It maybe relatively small beer for NST with 4.8% but a doubling in RND sp would net an additional $1.5M for them so I remain convinced NST will step in if the Board try to take up the iron ore option.
Its time for the RND/TBR boards to put up or shut up on this iron ore project.
iron ore project, page-4
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