An alternate view could be as a significantly larger gold producer, the CTP JV's 75% share of 150,00oz pa may not now do it for them, potentially providing a greater incentive to really pay up to gain the full 100% holding (perhaps by issuing shares to TAM shareholders given APAC is already a NST shareholder).
NST have spent years putting together their large Tamami lease holding and only recently BB commented that he considered Tanami to be an 'exciting' play. I totally agree, NST's SAR merger may well trigger a number of potentially profitable outcomes for TAM shareholders none of which are priced in TAM's current SP.
An alternate view could be as a significantly larger gold...
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3.1¢ |
Change
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Mkt cap ! $36.42M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 245161 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 73704 | 1 |
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