I don't think anyone doubted that Runway wouldn't extend north so it may be already baked into the price. I see much more upside on the anomalies developing to the north. The key here will be grade IMO. NST do not have any problems feeding the plant at the super pit or KB and Norton runs Paddington exclusively as a processing plant. In order to make this into a quick success rather than a asset that NST buys in 3-4 years will be the ability to prove up a + 3-4 gram open pit resource of at least 300k-500k oz.
if it's a 1-2 gram small resource then it's not very interesting as the local have lots of their own ore they can process.
Cheers, CC
M2R Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
