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4.7¢ vango mining limited

NST is imo one of the worst gold miners out there to invest in....

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Petersburggray

337 Posts.

144

19/03/22

06:32

Post #: 60289065
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Originally posted by PulpCutter: ↑

Rockshell, you posted: "Barrick should have never split the asset in the first place. NST is one of the best operators in the country and they couldn’t even make it work by itself. It is time for a third party to come in..."

Absolutely! Superior only generated $8.5 million US in operating cash flow, last quarter, on this "can't be made to work asset", and has amassed $23.8 million US in cash. Superior's share price is up 88% since the end of the summer, while Vango's is down 45%. The 43-101 compliant Main Pit Pushback PEA produces 60k oz/yr at $US 863 AISC, for $US 59 million capex. The after-tax 5% discounted NPV of the pushback alone is $1.09B, and that NPV assumes $1505/oz US gold.

Please, somebody help Superior figure out how to run this asset!

https://ceo.ca/@newswire/superior-gold-announces-strong-fourth-quarter-and-full-year

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NST is imo one of the worst gold miners out there to invest in. As evidenced by their massive underwater gold hedge book, which is worse than any miner I am aware of, nst mgmt clearly don't believe in their product. Gold do moonshot due to all the money printing and loss of confidence in government worldwide, then nst going to be bankrupted by the margin calls on their gold short sales.

VAN Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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