The update contained a nugget, page-4

Thanks for that @Oracleyoda Not many NST old timers around here anymore. Mostly new names these days...

I saw that and the numbers add up but still its speculation until a more concrete ANN is released. NST already has the gold price tailwind, adding the production increase tailwind on top of that would be icing on the cake.

Here is a longer term nugget to add to your post. This is in line with a massive margin expansion FY24 from

To...

Pretty good hey...

If you think that is good next FY25 is going to be massive! To put that into context EPS is set to almost double next FY25.


Per your value accretion line. I don't think this penny has dropped yet on NST but the price action today is a good start.