SBM vs NST March 2015 quarterly results
NST
140,050 oz mined, AISC $1172, Gold price received $1500, Profit from mining $46 million
Gold reserves 1,187,000 oz, Market Cap at $2.06 is $1,230,000,000
SBM
111,288 oz mined, AISC $798, Gold price received $1511, Profit from mining $79 million
Gold reserves 4,460,000 oz (excludes Gold Ridge), Market Cap at $.51 is $272,000,000
SBM earned 172% more profit, has 381% more gold reserves, and NST has a Market Cap 456% higher???
IMO, SBM is rising in price because excluding NCM, SBM has more gold reserves and is earning more free cash flow than any miner on the ASX, yet trades at a fraction of market valuation. IMO, within 12 months, SBM will have the highest market valuation on the ASX after NCM.
IMO with the release of the September 2015 quarter results in October, SBM should have about $200,000,000 in the bank, net debt down to $200,000,000, with a share price of $2.00 heading to $3.00
SBM Price at posting:
51.5¢ Sentiment: Buy Disclosure: Held
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