"What was yours again?"
Revenue is important BUT profit is more important.
Theres no doubt that Northern Star Resources is a great company now valued at $13 billion.
Last Financial year NST's NPAT was $258 million, Grange was $202 million.
Grange's NPAT will be higher than NST's going forward due to a sagging gold price.
Most likely foolish to compare a gold miner to an iron ore miner, Grange is not in the same league, although profits now will exceed many gold miners.
Iron ore pellets are the new GOLD.
NST has money in the bank, but its debts are about the same. Grange has $280 million in the bank.
Grange has more chance of doubling its share price going forward.
Pellet Price, page-615
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37.5¢ |
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Mkt cap ! $434.0M | |||
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