Yes that what I am saying. You have done well with NST. However I look at some of new expansion projects of not only NST but others. These companies do not blink an eyelid of spending a few hundred million in far flung places just to get a DFS then give in and bail the project to a royalty fund to try and get some money back. Issue more shares and debt and pull their heads in. The mkt cap of wmx and territory they own. Cheap. I do not understand why a blue chip company would spend this money without infrastructure etc. When there is resource on their doorstep. Ego my friend and developing the next big project. Barrick, Newmont, NST, EVN, Delta and Newcrest try to make the big game changer to try and double mkt cap some how. Blue chip gold producers and add BHP have totally ripped shareholders. With expansion projects. Return on equity is horrid. That is where you go for cheap acquisition. Or a percentage holding.
WMX Price at posting:
$1.83 Sentiment: Hold Disclosure: Held
