I'd have to agree with MS about some of the aussie gold stocks...

I'd have to agree with MS about some of the aussie gold stocks being overbought. EVN and NST still command eye watering valuations and whilst some people will argue that the valuations are valid given the expected rise in gold price and production, that same argument simply amplifies the undervaluation that the market has placed on SBM.

SBM is my pick for aussie goldies. Sure, there are some risks at Gwalia and Simberi is likely winding down but I think there is an action plan for each of these and Moose River should more than make up for the gap. When it call comes together, I think SBM will easily be back over 500 and still be undervalued compared to our peers. If/when Moose River permitting comes through and the pathway to mining these other deposits becomes clearer and less risky, we should clear 600. We such a strong production profile with very low costs. If you review the EVN and NST reports, they each have at least 1-2 crappy asset holding them back and the market seem to give zero Fs. We have 3 top class assets and if the Simberi sulfides come online, then we should rerate hard as our annual production could exceed 700koz with a long life.