NST 1.52% $14.30 northern star resources ltd

GF I see about $45M per annum in earnings, think you may be a...

  1. 33,607 Posts.
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    GF I see about $45M per annum in earnings, think you may be a but optimistic about cash costs being that low, especially this quarter.
    Remember the first 2 quarters that NST took over were a bit of a honeymoon as IAU had done quite a bit of development work, so NST had its jumbo concentrating on stoping not developing, which gave very high productivity. Now it has to do both stoping and development which will probably mean OPEX per ounce goes up.
    Would be nice if you were correct though as its my biggest holding.
    I think the PE is about 3 but its a little irrelevent because they have not got 3 years reserves in front of them.
    However my feeling is due to the nature of the ore body it has around another 400-600 metres of vertical depth to be mined
    I am guessing there will be some M and A activity in the next 6 months to drive the sp through 50 cents
 
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