Also when the NST share price was close to a dollar the market cap was 400 million AUD and they were planning to ramp up Paulsons to 200,000 ounces. All in costs were around 750-800 an ounce with a gold price back then at roughly 1500 AUD. A solid 700 AUD margin. It's just interesting to take note of these comparisons.
I think MOY is still very cheap. Lets hope management continue to find more gold and pump out the ounces at around 1200 AUD.
MOY Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
