"Northern Star Resources Ltd (ASX: NST) is pleased to report that it has been granted the tenement covering its 100% owned Cheroona copper-gold project, located 80kms south-west of Sandfire Resources' rich DeGrussa discovery in Western Australia"
Forgive my ignorance, I'd thought this was an existing project already. The Cheroona tenement (as shown in figure 1) is exactly as it appears in the Nov 23rd presentation. At first glance I thought they were announcing an increase in acreage but that is not the case at all. Still..... no complaints.
Will be great if the drilling campaign pumps up the JORC resource a bit, as I understand it the current resource uses a 4gpt cut-off, what would it be taken up to if this were reduced to say 2gpt? Who knows, if the gold price puts in a good rise then the JORC resource may be reviewed and suddenly we end up with something far more respectable, couple this with current rate of production and some promising acreage next to Sandfire and the market cap looks very cheap.
Drewe.
positive ann sp drops?, page-9
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Last
$12.82 |
Change
-0.040(0.31%) |
Mkt cap ! $14.73B | |||
| Open | High | Low | Value | Volume |
| $12.88 | $12.92 | $12.79 | $35.03M | 2.724M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9989 | $12.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.83 | 11498 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |