MOY Breakout at 15c ., page-166

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brettnp

459 Posts.

04/05/16

21:47

Post #: 17679447
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Originally posted by chris1983 ↑

Im all about drawing comparisons when I look at fundamentals. Have a read back on a very old report from NST. Market cap of NST at the time was 200 million which is about right. Not long after..2 quarters of additional production they went to a dollar which would of brought market cap closer to 400 million. I've always felt MOY should be valued up around 200 million with the scenario of moving much higher depending on what they do with their cash.

http://www.nsrltd.com/wp-content/uploads/downloads/110907NorthernStar(NST)-Sharpoperator.pdf

Page two of the NST report talks about free cash flow. Free cashflow was 53 million at the time so they were smashing it just like MOY was with reminiscing reserves. This will be very similar to MOY if they sell into the spot price.

Share price for MOY atm is a joke and NST at the time were drilling out Paulsons..an underground gold mine which I know has huge expenses along with much heavier development costs as my wife is an accountant for an underground gold mine.

It was exactly the same scenario..similar cash reserves..only difference is MOY have a heap of gold on the surface. It's all about drilling it out and extending mine life along with pumping or production. Sounds simple right? I think the management team will execute this very well and 12 months from now all holders who buy in at these levels will be smiling.

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Good call chris, the similarities are spooky - I believe MOY could be the next NST too.

So in late 2011, NST had no debt & was extracting 86k oz gold/annum, with Paulsens having a mine life of 2 years , MC = $200M, & they were drilling hard to extend & expand mine life - sound familiar? Now they have a MC = $2500M - so a 12-bagger in 4+ years ... MOY can do the same & more IMO!

YMM, of course,
Brett NP

MOY Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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MOY Breakout at 15c ., page-166

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