Picking up the NT project is a smart move as it covers two...

Picking up the NT project is a smart move as it covers two robust commodities in Cu and Au plus there is potential for the magnetite to be sold as a by-product, and this has not been factored into the deal ( high quality magnetite from the old Tenant Creek tailing's dam was recovered and sold profitably to coal processing plants in Qld a few years ago, before the TC tailings owners imploded).
This may have a significant impact on the Projects NPV if factored in, so overall this could turn out to be a very shrewd acquisition.
The old hoary question about a junior with little or no cash using script of cash to purchase an asset is irrelevant as the key question is "is the asset worth it?"
In this case, there is a very compelling case that its is, as it has the potential to be very real based on the geology and the results that have been released to date.
The fact that Dave Porter has managed to source and acquire this asset is a major plus for the shareholders and if the drilling converts the mineralisation into a JORC 2012 Resource then the share price should go north. Those that are following this story have the chance to get set (again for some) at the bottom of the market or exit when the price begins to move