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3.3¢ tanami gold nl

Ann: Proposed Sale of Western Tanami Project, page-8

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The Mole

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03/10/17

16:31

Post #: 27628383
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Originally posted by Pbnewby ↑

I agree loki its impossible to calculate given whats known from NST & TAM but we do know they are going to have to enter into talks (if not already) around the CTP before June and extend or vary the agreement - I would think that the board members with skin in the game would be well aware of what direction NST seem to be heading and so I imagine that the new agreement might well address a lot of future possibilities...

Another thing is that getting through all the red tape to set up a new plant in the NT and having to deal with the Central Land Council etc brings lots of headaches and delays - the CTP would only require a permit to increase throughput.. if NST find a problem with reaching an agreement over the CTP plant with TAM then I would think they'd simply TO which I think is likely to occur at some point anyway if NST drilling goes well - why let TAM sp go up to high?

Anyway I still think this announcement today was good for TAM and its likely relationship with NST..

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The real big ticket item is the removal of the environmental liability from the balance sheet worth about $9m for the WTP. NST will take this responsibility.

Excellent outcome.

TAM Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
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Ann: Proposed Sale of Western Tanami Project, page-8

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