Had a mate of mine bring this stock to my attention,
I have been scratching out some "back of the envelope" calculations. IMO This seems undervalued, I have just taken a small position.
With 2006 figures (Qtly Activities report);
Approx 3m tonne ore treated, 259,000 oz Au at US > $750 tonne (now US$860), Cash costs A$501 per oz with only 324,429,371 shares.
For old NGF holders, am I missing something? Why are we trading at 51c after an "above plan production" ie above 2006...
IMO this news will be absorbed...AU stock trading around PE 3! lol..
Had a mate of mine bring this stock to my attention, I have been...
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