Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-27

Yep, 6mil cash leaves ev at about 50mil if you want to attribute zero value to other projects. Market has priced in 500-700oz at 70-100 bucks/ oz.

i think all of those numbers are too small. If you scale up the Jorc resource they already have you end up with millions of oz, if you take a very modest section from the 1.6km X 0.3km by 100-150 deep you still end up with 700k plus easily.

i don't know that they will have had any formal discussions with nst, that would be market sensitive. But they aren't stupid, they know the nst geos, they know the nst resources, they know the mill, they know all the metrics. They can put together the most ideal prospect for nst and it becomes a sensible acquisition for a board of directors with a hungry mill and the future to think about.

swifty knows nothing about nothing, especially the latest run of rumour.