mine life, page-19

The main attraction of NST [Paulsens] is the exploration potential.

Future cash costs have risen as the projected head grade has fallen as lower grade ounces are included in the resource wireframe.

NST has now achieved the situation where they have no debt, a positive cashflow, a fully developed underground mine with unhedged ounces.

My interest in NST is based on ore repetitions at deeper levels which can be converted to resource ounces even perhaps at higher grades.

Paulsens could surprise and become a higher grade long life mine - the next several months when the exploration drilling is redirected to deeper levels are potentially company making.