Interested but doesn't mean he is gonna get it. Not the time to be buying assets at the moment IMO. There is no rush, the Superpit is for sale every other year it seems... POGO is starting to churn up nicely so I wouldn't say that. As JK(EVN) explained in the recent D&D conference the problem with having a lot of assets is that the success is not scalable because it takes time to ascertain an assets full potential. There is a saturation point in the value contribution to the company if you acquire assets too fast, couple that with a commodities cycle then the company can find itself stumbling in front of the finish line much like Barrick and Newmount did in 2015. Those that have been around a while knows this well. i.e biting more than you can chew is a good thing if the underlying commodity is cheap because the assets are cheap. Superpit will come with a good premium IMO just by the gold price alone, will need to look at the $$/JORC oz value of the deal if indeed it materialise.
The way it is going NST is really starting to remind me of Normandy mining.
Ann: Resource and Reserve Update - 1 August 2019, page-94
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Last
$16.98 |
Change
0.035(0.21%) |
Mkt cap ! $19.48B | |||
| Open | High | Low | Value | Volume |
| $16.99 | $17.10 | $16.92 | $15.18M | 893.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 8305 | $16.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.98 | 2283 | 11 |
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| Last trade - 13.00pm 30/01/2025 (20 minute delay) ? |
| NST (ASX) Chart |