No idea what NST's long term strategy is, but buying this out wouldn't be a crazy thing for them to do if they want to diversify out of gold. NST already own 13.5%, have $300m cash and the timing is right with the outlook for zinc and copper looking very good.
I thought it was curious when NST first took a stake in VXR as at that stage NST were a fledgling company and XVR was a bit left field. Maybe Bill Beaumont was thinking long term? He is not afraid to have a go and the payback for the required $200m capital is only about 18 months.
Wonder what the project would be worth? A quarter of todays NPV of $338m, or $84m, or about 3.2c a share would be hard to turn down.
No idea what NST's long term strategy is, but buying this out...
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$2.12 |
Change
0.020(0.95%) |
Mkt cap ! $547.0M | |||
| Open | High | Low | Value | Volume |
| $2.10 | $2.16 | $2.05 | $928.8K | 438.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5476 | $2.10 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.12 | 1332 | 3 |
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| DVP (ASX) Chart |