Ann: NST: NST divests Paulsens and Western Tanami Projects, page-16

Ok, was just trying to get my head around things.

BC8 are raising $35 million of which $14.5 million will be paid to NST straight away with another $5 million worth of BC8 shares.

The remaining $25 million will be paid on a deferred basis so hopefully out of production profits.

So we will still have $20 million from the current cap raise, and in return from NST for the consideration paid we get two projects, both with Processing Plants which would need minimal outlay to get back to working condition, and an actual/inferred/indicated resource of 700,000 oz?

Have I got this right?

If a SPP is also offered at 0.55 cents I think i will take them up.

Im not sure we will get a massive rerate here, maybe to 70 -75 cents? , but long term as has been stated by a couple on here, I think this is really great news. My only concern is where they gonna get the labour from to actually work at Paulsens and Tanami.