Wave3 - Yes, I am aware of price weakness in the recent past,...

Wave3 -

Yes, I am aware of price weakness in the recent past, however, expect that there will be other opportunities coming up. This latest annoucement by BDR looked very good, but despite that (maybe the figures were expected and already built in to the price of BDR) the SP did not respond, even as the overall market was rising. On that basis I am expecting the SP to drift and give me an opportunity to buy.

Monkeybusiness suggested a share buyback should be a priority, however, I do not expect that to happen.


Shares on issue -
BDR - 798 m (million)
SAR - 792 m
NST - 592 m
PRU - 526 m


Forecast annual gold production (approx.)
BDR - 190,ooo oz (ie. 24 oz. per 100,000 shares on issue)
SAR - 150,000 oz (ie. 19 oz ...)
NST - 600,000 oz (ie. 101 oz ....)
PRU - 220,000 oz (ie. 42 oz ...)


Share price -
BDR - 34.5c
SAR - 37.0c
NST - $2.10
PRU - 37.0c

On these figures (of course there are many other factors including debt, cash in hand, stockpiles, reserves, growth prospects etc.) NST appears to deserve its solid SP with PRU possibly offering best value of the rest at current SPs. (IMHO)

DYOR