Whats Wrong, page-4

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binwood

9,210 Posts.

4517

14/02/19

16:37

Post #: 37439395
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Originally posted by eshmun ↑

So another negative thread title, "what's wrong", to follow the last one "something fishy here".

Why don't we see these thread titles on NST where something really fishy is happening.

P/E ratio based on half year performance $9.575/(2 x $0.13)= 36.8 !!!!!

So based on NST's current profitability it would take 36.8 years of profits to make its own market cap.

No let's be fair, NST have $292 million cash and bullion at hand which is equal to 1.78 years of profitability so it would take NST 35 years of operations at its current profitability to equal its current EV.

Well that will be a tough ask for them at their current annual production guidance of 850koz to 900kozs seeing as they only have reserves of 4,748,000 ozs. That's only 5.6 years of production based on current reserves and a production rate of 850koz/annum. Based on resources of 20,541,000ozs that is still only 24 years. How much will it cost to convert resources to reserves and how will NST replace 850koz-900koz of production each year. Definitely not from exploration around their aging mines.

Why don't people go start threads with stupid titles on the NST threads to question how fishy NST's valuation currently is. Esh,

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I was amazed at how little cash NST and EVN generated for their MC's. Both are pricing in much higher POG or production expansion from somewhere.

Much better plays to be found in the gold space. Especially moving down to mid tiers.

RSG Price at posting: $1.06 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 66.0¢		Change 0.025(3.94%)		Mkt cap ! $1.405B

Open	High	Low	Value	Volume
64.5¢	67.0¢	64.5¢	$6.174M	9.347M

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No.	Vol.	Price($)
4	41840	66.0¢

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Price($)	Vol.	No.
66.5¢	60000	1

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No.	Vol.	Price($)
3	30507	0.700
2	645	0.690
1	8	0.670
1	145	0.660
2	211619	0.655

Price($)	Vol.	No.
0.660	4000	1
0.670	231702	11
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0.680	128691	7
0.685	144877	8

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