They have been producing gold since july.
They have forward sold 40% of their production at around $620 aud/oz.
They are expected to produce 80,000 oz in 2006 and for 4 more years after that.
They are drilling for more gold which is likely to increase reserves.
The share price was 6c 6 months ago and is still 6c now yet the gold price has risen aud terms over $100 an oz.
Now imho this looks like a bargain as long as they get close to forecast production but noone seems to have gelled onto this yet.
Even in the recent Shares magazine where they highlighted 20 small gold stocks nmc wasnt mentioned.
When will they let the cat out of the bag?
NMC
nustar mining corporation limited
They have been producing gold since july.They have forward sold...
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