Tubs if you look at Market cap /ounces produced, NST cost around $13000 per ounce while REDS EV/AISC IS $4200 .Despite number of shares on issue Red5 is 1/3 the price per ounce produced than NST. Hence thats why I don't invest in 1st tier or large mid caps like NCM &NST ,they are a brand name product and you pay through your teeth for them.
During the last 12months ,gold price up US $400 .00 ,NCM, NST S P going nowhere fast SLR,GOR exploding.
Don't be to concerned about shares on issues ,it's the value they hold that matters.
CHEERS
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Death by dilution, page-19
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $2.380B | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 36.0¢ | 34.8¢ | $7.381M | 20.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 500592 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 479161 | 12 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| RED (ASX) Chart |