So NST's FY17 production outlook is downgraded with the sale of...

So NST's FY17 production outlook is downgraded with the sale of Plutonic, and therefore so is the EBIT and NPAT outlook.

The question is, with free cash flow FY17 of around $300 mill from mines (conservative estimate based on $600 margin per ounce) , they will spend around $130 mill on existing assets as per the latest ann, so will be left at FY17 with another say $130 mill added to the current cash pile of $320 mill, not including the sale of Plutonic.

So, I'm thinking despite the reduced FY17 production outlook and EBIT currently encouraging the selling at the moment, what are they planning to do with the giant cash pile they will build very quickly to $400 million??

With $400 mill cash they will accumulate there must be a plan for it, no??

I think the market is currently focusing on FY 17 updated lower EBIT and NPAT for a more conservative valuation, but what are peoples thoughts on this pile of cash they have? considering the $130 mill to be spend on existing assets should be paid for with mine cashflow throughout the year.

BLK has a 5 million ounce resource and a market cap of $244 mill - and set to be churning out 100k ounces at around $1100 - would love to see them try and buy them outright.