nst a bit over valued?, page-13

Correct me If I'm wrong, but wouldn't the all-in sustaining cash cost drop off at the end of a mines life as in-mine exploration drilling was wound back?

In all likelyhood the AUD will be lower than present over the averaged remaining life of the mine, further increasing profits.

Considering both those points I'd say NST is fairly valued at the moment, but there is plenty of upside for exploration success and possible corporate activity. I'd be very confident there's more than 5-7years left at Paulsens.

Being cashed up the directors must be looking at other bargain priced goldies to aquire. UML springs to mind - producing 40-50k ounces and ramping up to 100k ounces within 12mths for a market cap of under 50mil.