A case for hard assets, page-37

Management are too clever to screw up financially in the current positive gold environment, with near record gold prices. Gold fell back slightly in the past 6 weeks but for the first month of the quarter we were at near records and this should translate to another nice quarterly update in around a month's time. Don't forget we have that $600M usd in notes along with all that massive cash and bullion in the bank, you would expect management are looking closely at accumulating some good assets or companies with low AISC. Also, during the quieter times of a few years ago, management were very proactive in cutting costs and stabilising the business bottom line, this has helped in the current high inflation environment to ensure costs dont get too out of hand. A very safe stock to hold in the current uncertain times and thats why you see big institutions with such a positive view of NST.