Compare NST to JB Hifi or any other large retail/whole or even real estate SP
They know where they need to dig for the next 5 years, they know how much it will cost to extract that gold and they can fwd sell and lock in a profit (risk free, digging and product already sold)
A downturn for most business' in Australia could see them go to the wall
They cannot guarantee delivery of stock (currently suplly of items woefully slow/stopped) and once they have the stock, they do not have guaranteed buyers
Would rather be a gold miner than most other business' in time of uncertainty
IMO
Valuing gold producers, page-40
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Last
$13.31 |
Change
-0.145(1.08%) |
Mkt cap ! $15.36B | |||
| Open | High | Low | Value | Volume |
| $13.52 | $13.54 | $13.30 | $4.998M | 372.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 11462 | $13.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.31 | 3514 | 22 |
View Market Depth
| Last trade - 11.06am 25/06/2024 (20 minute delay) ? |
| NST (ASX) Chart |