During the iron ore boom FMG rose from 45 cents to $145. ( Not obvious to many folks because of the 10 for 1 share split.)
NCM, with gold equivalent production of not much more than 2 million ounces and a massive capital spend had a market capitalisation well over $30 billion.
Could we see NST make another move in the next 12 months - development and/or acquisition - to reach that magical one million ounces annual production?
I am very confident that gold will reach at least US$3000 to US$5000.
It follows that I have worked out some absolutely incredible valuations and share prices for NST based on these higher gold prices - too "ridiculous" to post here at this point in time with NST trading around $1.66.
Why NST could be massively undervalued at current prices...., page-17
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Last
$14.02 |
Change
0.140(1.01%) |
Mkt cap ! $16.07B | |||
| Open | High | Low | Value | Volume |
| $14.01 | $14.11 | $13.90 | $13.28M | 949.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 2979 | $14.01 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.02 | 2661 | 9 |
View Market Depth
| Last trade - 14.08pm 16/07/2024 (20 minute delay) ? |
| NST (ASX) Chart |