Ann: Investor Presentation - Gold Forum Americas 2021, page-6

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nordesmic

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17/09/21

21:41

Post #: 56164433
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Originally posted by fitnfam ↑

It will be interesting to see what the quarterly tells us.
One thing is for sure the writedown of those KCGM stockpiles to zilch provided a nice tax deduction up front for last yrs accounts.
One wonders how true the plant expansion clearly marked NOT PLANNED within the next 5 yrs BUT openly discussed in presenations had to do with ensuring the tax deductability of that currently "stranded resource" of 2.9 Moz,
I have no doubt there are closer plans to at least increase residency time at KCGM which if you look at the last few Qtrs would allow you to guess they have been playing with this volume/yield scenario to find what is affecting yield the most./to provide optimal running.
a 2% blip in yield would be nice....an extra 9600 oz there for the taking at 480koz
Mt Charlotte ore milled elsewhere upped yield 3.5% ? as well.
This all points to a rather unoptimised plant at KCGM built some time ago,we know the mining transport infrastructure was on its last legs.
Upgrading the MILL controls was tied to that initial yield blip of 2%.
Flitch mining to reduce dilution at KCGM and increased grades generally across other sites bodes well.
Lets hope the last quarterly surge wasnt just to meet yearly guidance,which is what I sincerely think the market is wondering.

In the past NST has been good at keeping feed blend consistent thru its plants to optimise its yields and optimise chemical use.
In the past it has also left ore to one side until it becomes profitable to mine ---Paulsens operations under BB the best example of extracting every last profitable dollar out of a mine.Gold goes up lower grades often processed for similar QTRLY income.
In the past it has also never pillaged its resources to maximise short term profit at the detriment of getting more value overall from its resources and mine life.
So how is the new NST operating NOW...another market uncertainty

I wonder were they just tidying up in April buying Thunderbox ongoing royalties ($750K) on gold or was the buying of the nickel royalty also tied to the 350 KT nickel plant that came with some tenements currently on care and maintenance and or is it actually of greater significance.
As BB did the deal I'd guess that more gold ore there just became profitable to process at greater profit at Thunderbox.
Just in time before plant expansions
That was before board changes.

DYOR + DYODD 1.7Moz run rate this QTR or NOT is the question?

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Re the stockpile at KCGM, they have only the written down the value of the low grade material which amounts to about 2.3Moz (at 0.65g/t) of the 2.9Moz. Im not sure what the grade is of the ~600koz is. Since mining rates are forecast to run well ahead of processing then the stockpile will only grow.

Depending on the gap between mining and processing, and the size of the expansion, it could be many years before that lower grade material might be processed.

NST Price at posting: $9.27 Sentiment: Hold Disclosure: Held
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