Ann: Quarterly Activities Report - March 2015, page-22

Mainholm, thanks for that accounting 101. I wish I have more knowledge in this area of investing and a lot of companies spent a lot of time window dressing details that we mere laymen are mesmerized with the details!

My feel for NST and the team is based on the fact that they had the 'balls' in the first place to purchase all these matured mines at bargain basement prices. No different to the Paulsen start up. Suddenly all able goldies are following in their foot steps either not able to participate in the recent POG top typical M&A mania or were prudent enough to not fall in this trap.

EVN SAR are the others that comes to mind all accumulating these value assets and playing for the POG cycle back up. Gold chart and any gold rally trigger events looks blur to me so the strategy is to get exposure to the low cost operators and just wait for the good times. Investment $ is finite but there are so many potentials! Have yet to sit down and contemplate AMI, lots of growth potential but different league to NST.