nst takeover, page-7

You asked if it was possible if NST could take over RML.
The simple answer is yes, they have the funds and market cap.
But the real question is at what valuation. We need drill results for that.
No doubt NST would be watching this develop and waiting for it to be derisked enough to take it.
For now though IMHO I think it's smarter for NST to let RML wear the risk, spend the money on exploration then bid once it has a JORC of a few hundred K ozs. To them paying $25M on a risk or $100M or $200M on a JORC, I think they take second option any day.