Ann: Diggers & Dealers Presentation, page-3

Nice presentation.
No frills, just explains exactly what you are getting right now, with an E/V of just $85m.
$104 an ounce per the reserves too.

How the likes of NST is not using its script considering its valuation per ounce being produced is almost 8 times higher than EAR astounds me. But they are the masters of this game.

i.e NST are producing approx 600k p.a (or hope to), and have an MC of $4.5billion, or $750m mc per 100k of gold being produced.

NST could pay double EARs MC right now, and pay for the refurb, and still be able to increase their MC by $500m.