From my reading NST is no less bullish on the area than they...

From my reading NST is no less bullish on the area than they were when they originally fought so hard to won the JV deal. I totally agree that mill capacity, its location plus NST's wish for a 100% holding (given their significant ongoing funding obligations) have delayed progress. NST are obviously still positive on the area and I estimate they have invested around $65-$75 million on the initial purchase and ongoing drilling. I see nothing to date that would reduce their optimism for the core CTP area.

TAM's 100% SP rise over the past 6 months on very high volumes indicates to me that a deal may have been struck. NST's upcoming Resource Update in early August may be very interesting!