Is this the ASX's cheapest gold developer?, page-164

Either that, or NST doesn't want the SP to go up so they can buyout? Who knows. I've done some more thinking, and just can't justify buying EAR at anything > $0.10 per share. In the event gold falls due to excessive exuberance and flight to USD, there isn't much of a margin of safety - at $0.10 there is.

I remember posting coming back to EAR at $0.10 and getting lots of hate for it, because all the EAR bulls were saying it'll go to $0.40 by May. Guess it may go to $0.10 after all. Calcs below on varying gold prices and varying AISC: