Ann: NST: NST divests Paulsens and Western Tanami Projects, page-8

I don't doubt it but as you get bigger you invest your capital for the best return and for the one that gives you scale fastest i.e. big tier 1 assets. As such you don't apply the disciplines to the smaller plays and you manage the upside via additional payouts as the new buyer produces gold. So a good risk and reward model. For the big player its not worth dedicating senior mgtmt and board time on the smaller mines, for the small player these mines are everything. With NST having the upside covered by issue of shares in BC8 and production payouts they have struck a suitable deal to cover the fact that they will have missed something.