I think NXM probably reckons NST will buy the whole bloody lot.
Don't waste money on CAPEX/OPEX on a small operation. Go big or go home.
NXM at $20m, $50m or even $100m is still a round error for NST, especially since it merged with SAR.
NST wants feed for its increased operations at Carosue Dam where AISC is approx AU$1200.
Not difficult to see NST paying a couple of hundy per ounce in ground for Wallbrook and at Pinnacles as the resource grows.
Bookmark this post for later - time will tell whether I am right.
Ann: Exploration Update, page-51
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