In the quarterly conference call he spoke about the need to build 3 new mines. Millenium, Central Tanami and one yet to be announced as a result of new drilling success. However I think those who think there might be something brewing are on the money. He doesn't need to sit on $350M for capex in building new mines. The current cash flow and maybe $100M would do just fine for that. My guess is that they will sell Plutonic and buy something larger, longer life and lower cost.
Cheers,
Tim.
Ann: FY16 Unaudited Financial Results-NST.AX, page-6
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