how will nst utilise newly acquired funds?, page-2

Its pointelss buying junior for $10M unless they are going to mine it which means the project is going to cost the $10M plus mine development cost.

Lets quantify that, say they aquired a junior with a decent resource for $10M then its likley that the development costs to get that mines resources ready for mining (plant and overburden or cutbackor drive development) for say 350Ktpa of ore would be in excess of $60M with half that ($30M) financed by equity the other half by a loan.
Therefore they would still need to come up with at least $40M (10M + 30M)in capital for development out of their treasury.
Personally think there are better juniors than ARV on a bang per buck plus shorter time line to production basis to buy out though.
It has been on my mind though that NST probably will become a 2 string bow.