I note there wasn't a major discussion on the Central Tanami- however under current gold prices of $1578 and $1060 to produce- Tanami will make a profit every year of $31 million based on todays price.
Tanami Current Market Cap of $80 million- even if they pay $120 million is shares and cash- they will get their money back in 4 years plus all the future upside and exploration. I note NST are trading at a P/E of 13.59 *- so it seems an opportunity for their own positive rating if they purchase.
However- on the other side if NST don't wish to purchase wouldn't it be ironic if MLX gold entered into discussions and beat NST to the line.
In the current strong gold environment- Mergers and Acquisitions will be evident in 2017
I note there wasn't a major discussion on the Central Tanami-...
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Last
$13.80 |
Change
-0.360(2.54%) |
Mkt cap ! $15.85B | |||
| Open | High | Low | Value | Volume |
| $13.98 | $14.01 | $13.71 | $57.80M | 4.184M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $13.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.80 | 1353 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| NST (ASX) Chart |