Can see NST holding its share price!, page-180

I think that everyone is overlooking that most gold miners and NST is no exception, are already being priced on very high Price to Earnings ratios. So in simple terms the recent increases in the POG are already factored into the SP. These goldies are volatile and 10% SP fluctuations are common.

On the bright side, I dont for one second think that the POG has finished its rise. Given the huge government borrowing and spending worldwide, I think that US$2000 per ounce is on the cards BEFORE XMAS. I say this based on the recent rise from US$1700 per ounce in the past 5 weeks or so.

It is now just a hop, step and a jump to US$2,000/ounce.

This is just a guess or more of a hunch on my part but we are in such uncertain times and gold has stood the test of time as a store of value.

All in my humble opinion except the comments on the still elevated PE ratio.
Cheers W2

PS today MQB have an underperform rating on NST following a call to the company and hearing Pogo volumes will be down 25% on target levels until CV19 is over.