NST 0.37% $13.38 northern star resources ltd

Ann: KCGM Mill Expansion Financial Investment Decision, page-13

  1. 25 Posts.
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    I don't get it...why doesn't the market like it?
    Their figures are struck at gold price of A$2,600/oz
    Current gold price is circa $2,800+/oz
    Unless this is a hint of where they see the gold price going (down to A$2,600?)
    Fully funded from cash + future cash flows, dividend intact, no capital raise to dilute shareholdings...
    I'm a pretty simple guy - what am I missing?
 
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