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
Compare NST to JB Hifi or any other large retail/whole or even...
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Last
$15.97 |
Change
0.180(1.14%) |
Mkt cap ! $18.36B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.13 | $15.97 | $53.04M | 3.312M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13383 | $15.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.98 | 6998 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |