NST 1.76% $16.79 northern star resources ltd

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  1. 8,972 Posts.
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    BobbyKennedy

    I'd guess the $7M per month is probably sustainable for another 2 months. Looking at monthly update, the large cashflow in April was due to quite a bit of stockpiled gold. That accounted for about a third of gold sold, so that means two thirds left and therefore 2 more months.

    After that, unless they rampup production, cashflow will probably fall to around $5M per month. Course thats assuming they 'do nothing'. They have shown thats not really their style...so I expect they are working hard on significant production upgrades (other than just talking about it), eg development of areas of lower grade previously ignored.

    Cdchi1
 
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