Im a long time investor in NST. I used to be quite active on this forum. I went dark when it got silly.
Im puzzled at the very benign price movement in NST relative to the gold price. Gold is up A$500 per ounce since NST traded around $12.
rough maths.
lets say they are on track to their 2M oz per annum target.
2M * 500 = 1bil per annum.
lets say that this is worth a 10 multiple. That should add 10B to valuation. 1.1B shares on issue = $9 in added share price e.g. $21.
Similar math on EVN.
What is going on? What am I not seeing?
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Last
$16.42 |
Change
-0.360(2.15%) |
Mkt cap ! $23.45B | |||
| Open | High | Low | Value | Volume |
| $16.54 | $16.62 | $16.33 | $91.41M | 5.548M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 192 | $16.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.51 | 40888 | 4 |
View Market Depth
| Last trade - 16.10pm 16/07/2025 (20 minute delay) ? |
| NST (ASX) Chart |