Granted all the out cropping resource have been picked 'dry' and they have to go deep UG. However it is still very much depend on POG. An uneconomic resource becomes highly profitable at a certain POG. This always reminds me when POO was 100+ and rising. All the TAR sands in Canada suddenly became very profitable.
The current cash position of NST is in a very envious position with so many dilemmas and options many other management can only dream of at opportunistic cycles of an asset class. History measures management skills and this one keeps raising the bar.
NST Price at posting:
$3.04 Sentiment: Buy Disclosure: Held
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