EVN has got its house in order will all mines operational at lower asic than NST, with last 4 quarter ASIC been stable... while NST has few issues with Plutonic and Paulson with the asic on the rise, last 4 quarters ASIC on the rise.... last month was $1174oz from memory compared to EVN $1024oz....$150 a oz difference...
If this trend continue EVN will be
$150 x 600,000oz = 90mil pa. better off than NST
Market values company by forward earnings, not by debt or cash positions.... Otherwise companies like MGX wouldn't trade well under cash backing...and EVN debt is not huge, 12% gearing is very manageable.... Currently EVN is one of the hottest goldies, market reflects that...yes they didn't pick up La Mancha assets cheap, but as Buffet once said "It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price." Don't get me wrong, NST is a great stock and Bills been doing a great job turning scrap mines into profitable mines...but with asic rising, 1 mine burning cash, 1 must question the long-term sustainability of few of these cheap mines he has acquired.... GLTA
NST v EVN, page-4
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Last
$13.29 |
Change
0.270(2.07%) |
Mkt cap ! $15.27B | |||
| Open | High | Low | Value | Volume |
| $13.31 | $13.48 | $13.05 | $60.90M | 4.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 32281 | $13.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.30 | 18601 | 4 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |