De Grey's share price is tied to NST. If there wasn't any M&A...

De Grey's share price is tied to NST. If there wasn't any M&A between the 2, I doubt De Grey share price will be this high. NST is a producer and a direct benefit of gold's bullishness ( the former is an explorer). The latter is experiencing a perfect storm upwards because it's profit MARGIN is widening due to 1. Cost eg wages are in A$ whilst gold sales is in US$. 2. Markets expecting an impending recession. Hence, energy prices are falling, lowering production cost. 3. Gold price is shooting up because faith is USD denominated assets are eroding. The once trusted US Treasuries monies are shifting to alternate store of value assets and it's limited. Gold has no counter-party risk, a huge plus in an unpredictable Trump era. 4. US bond prices are falling but the global financial uncertainties should push it higher. The "much followed" US 10 yr bond yield is moving higher. Trump need the yield to fall to fulfill his agenda. It's forcing him to pivot from his aggressive tariffs by the 90 days pause and, most recent, special dispensation for semi-conductors, chips because US companies will be badly hit. Nothing moves up forever and vice versa. The market will eventually calculate that "MARGIN" and it will be reflected in a stabilised De Grey and NST share prices. Dynamic movements in those 4 factors will move prices again. IMHO