They may be of lower quality due to MLX having a lot going on and they are unable to bring the necessary capex and attention to bare - this from the West Australian:
"...Metals X produced 54,282 ounces of gold from its mines in the June quarter at an all-in sustaining cost of $1237/oz,.......Its gold division has reserves of 2.9 million ounces, and 15.4 million ounces of resources...."
They are all over the place with tin and copper and trying to bed down so much activity spread far and wide - surely NST could do better than $1237 an oz with their sole gold focus and those assets look under valued becasue of the way MLX has gone about things which I agree overall looks like a dog - I guess it would come down to cost - remember the TAM issue would go away most likely as well leaving NST free to do whatever it likes there..of course its speculation but there is no doubt that things are in play in the gold landscape right now..
They may be of lower quality due to MLX having a lot going on...
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Last
$14.57 |
Change
-0.180(1.22%) |
Mkt cap ! $16.74B | |||
| Open | High | Low | Value | Volume |
| $14.51 | $14.62 | $14.44 | $32.10M | 2.205M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12526 | $14.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.57 | 6750 | 1 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$14.57 |
Change
-0.180 ( 1.13 %) |
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| Open | High | Low | Volume | ||
| $14.51 | $14.61 | $14.45 | 254632 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| NST (ASX) Chart |