Last Quarterly outlined cash equivalent position of 35M$...

Last Quarterly outlined cash equivalent position of 35M$ +/-
Market cap at the moment = 45M$ +/-
Enterprise is valued at 10M$
Enterprise is a 50% stake in a JV with a useful partner who appears to be focused elsewhere
If I recall correctly, I believe NST displaced MLX to form the CTJV. Regardless, JV has had insufficient performance requirements.
The JV has a JORC resource of 1.5 M Oz (750K TAM's) - and a mill that will be refurbished by NST - so a means to market.
Conversion to Reserve is a guess - lets say 2/3rds = 1M Oz / 500K TAM. Pure air pluck.
Today's Gold price ~ 2600 AUD / Oz
Assume AISC of 1300 (need to truck to mill).
Then Value of 500 K Oz's @ 1300$ = 650 M$ (apply your own discounts)
All this for 10M$ CASH..
Something....soon....happen
I am reminded of the objective - "
"The objective of the CTPJV is to develop and mine the Groundrush gold deposit, and any other gold deposits delineated within the CTPJV tenements at the earliest time, commensurate with good mining practice and utilising project infrastructure already in place on the previously operated project area."