Your spot on Reiner - They like it cause its their competitive advantage, they are the best deep miners in the business..
Doesnt help them at $1,000 gold though..
So it makes NST a leverage bet on gold. As we have seen in the Iron sector recently, low cost wins and can survive the cycles.
Unfortunately, Paulson is a mine that needs a solid premium in the gold price to make money. Its not one Id want to own if gold fell $500. That wont stop Billy and his team doing their best to earn every last dollar from it though..
Cheers mate, goodluck.
42m at 44g/t - on the radar, page-104
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