I think this is an interesting one to consider. Great deposit but highly over-valued. No-one (smart operators) is going to pay a premium for production's sake.
NST paid similar money for POGO. That deposit is a monster that appears similar to Jundee 15 years ago. While Bellevue is shaping up to be a great deposit, and of course everyone loves a high-grade story. As an exploration play is it worth $340M? Paying say a 20% premium, $408M? Shareholders would be kidding themselves, at this stage in the game.
Just my 2c. The opinions of a retired CashedUpBogun should be taken with a shot of bundy.
NST takeover, page-2
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$1.39 |
Change
-0.115(7.67%) |
Mkt cap ! $1.772B | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.45 | $1.38 | $12.30M | 8.809M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 65159 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 36263 | 1 |
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