NST makes multiple mentions about the Carasue dam and its strong performance, yet the open pit grade has dropped from 1.2gt to .08 as it appears they're either in prestrip mode at Wallbrook or Edjudina (possibly both), but they aren't delivering grade.
"Growth expenditure at Carasue will be to establish both Wallbrook and Enterprise open pits."
Carasue to me aren't replacing their open pit oxide with quality new pits, leaving the deep underground fresh doing all the heavy lifting. NXM have been disappointing (NST 10% stake). All their Carasue open pits ounces are 50 to 100km away !
Why aren't they replacing ounces, are they planning to sell Carasue? Edjudina is average at best.
Ann: June 2024 Quarterly Activities Report, page-27
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$15.00 |
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Mkt cap ! $17.23B | |||
| Open | High | Low | Value | Volume |
| $14.95 | $15.16 | $14.94 | $52.88M | 3.522M |
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| 2 | 13788 | $14.99 |
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| Price($) | Vol. | No. |
|---|---|---|
| $15.01 | 9267 | 3 |
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