Do not worry. There are Gold still plenty of high grade ore in Paulsens
The reason NST sold the Paulsens Mine was the gold price was low at that time. So was not profitable. 2017 gold price vary from A$1400 to A$1600 this was from Northern Star info from wikipedia Look like not much $ to make in 2017. waste time only When NST other mines were Aisc A$950 to $1100. Of course they closed the mine. And concentrate on the other mines. But now expected AISC $1,882/oz Let said they produce 40,000 oz/yr and AISC shots up to A$3000/oz Still there is A$2000/oz margin = A$80m if AU stays about A$5000 it was only from mid 2018 that au price when up above A$2000/oz. Aisc
BC8 Price at posting:
81.5¢ Sentiment: Hold Disclosure: Held
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