Has this company done anything good with shareholder money in the last 2.5 years? Spending +$20m in the ground to define 150koz and the only reason you have a 300koz deposit is because the price of gold has gone up. (NOT NEW DRILLING).
Northern Star will think twice about mining this dog noting the capex required to mine it. They are just maintaining a position in the company for optionality. The only reason they need that is for the free kick the oxides give them on their own dirt. Not for the profit it would generate. It is unlikely NST will risk their AISC numbers going up by mining it. That risk will be borne by NXM shareholders! And NST will see all the upside.
Oh and how's Bethanga going? If you're waiting for the "right rocks" like that 150m intercept at Wallbrook which was a duster keep waiting.
Assays should have been in by now and we know what late assays normally mean.
NFA DYOR.
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4.4¢ |
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Mkt cap ! $17.11M |
Open | High | Low | Value | Volume |
4.7¢ | 4.7¢ | 4.2¢ | $9.72K | 228.1K |
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No. | Vol. | Price($) |
---|---|---|
1 | 200000 | 4.3¢ |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 200000 | 0.043 |
2 | 500000 | 0.041 |
3 | 147189 | 0.040 |
3 | 700000 | 0.039 |
1 | 114285 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 26730 | 1 |
0.050 | 50000 | 1 |
0.054 | 65000 | 2 |
0.055 | 100000 | 1 |
0.056 | 75000 | 1 |
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