nst fair value .50 to .60, page-8

wipeoff...

while steveo123 has offered no rationale behind his argument, which is pretty shameful in my eye's... in his 'irrationality' there is some logic.

If you track the share price to the announcements that were made by the company - on the 27th September when NST annouced they are aiming for 200k oz pa production, the share price was 45 - 49 cents; and stayed in the low 50's for a week or two after.

Since then; other than the capital raising... not much else has changed with the company; still probably producing gold at 600 to 700/oz; will generating cash flows of about 20 to 25m per quarter...

Is the price right now? Was the price wrong then?

It doesn't really matter to me, all I know is that im pretty sure this management team will do the best to maximise the value of the assets they have.

Secretly I am probably hoping Steveo123 is correct so I can top up even though the paper loss would hurt.