Three Near Term Price Drivers, page-18

OriginallypostedbySequoia

Asanewinvestor,Ihadtogobackquitesomewaytofindvisualschematicsoftheproject.Yestheyareold,veryold,andlikelytobeoutofdate,butsurelytheyarewithinabull'sroarofcurrentresources...

MayIask,thecentralreasonwhyweareallhere?Beyondthecompellingvaluationareweallnothereforthe25%backendkicker.....Imeanlookingattherecentmeasuredresourcesandlookingbackonpreviouspresentations........youwouldhavetobenutstosellthe25%for$32millionwouldn'tyou...Imeanthis64kmgroupinghastobeoneofthegreatpre-productionresourcesinAustraliaright?

AgainapologiesfortheextremelongdatednessoftheseschematicswhichshouldnotberelieduponinanyrespectbutconsideringthewordlikenatureofthelastthreeyearsorsoannouncementsIwasleftwithnochoice.Iwouldbegratefulifanyoneelsehadsomethingmorecurrent.

https://www.asx.com.au/asxpdf/20120906/pdf/428k3dvt302mkj.pdf

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I agree, every TAM investor should have a close look at this schematic produced in Sept 2012 to understand the potential upside of the CTP. TAM's geologists were genuinely optimistic for depth extension below existing pits that was untested by Newmont prior to sale in 2010 due to their sole focus being on open pit mining...Unfortunately TAM ran out of money before they could carry out exploration.

I think the really interesting component of this diagram is the comparison with Newmont's nearby Callie Mine (on left) which continues to access wide intersections and high grades at depths of over 2 km. CTP has similar geology but to date has mostly only been drilled to 100-130 metres.

IMO it is this potential beneath this very well proven resource that has Northern Star (NST) so interested in the CTP. If this theory is proven correct, the potential value increase of this resource will be spectacular!

I continue to really like this stock on its fundamentals, especially its relatively low downside compared to its exceptional upside potential.

DYOR