And if you have faith in NST and it's management, something you all obviously do, then NST's best asset would have to be a 5% investment in a small gold miner.
On the same metrics as above the miner has 5 times free cash flow of $154M against a market cap of $37M.
On 10 times free cashflow it would be $308M against $37M market cap.
The best part is that the asset that generates the cashflow for this company is also MANAGED by NST as part of a joint venture.........AND NST is forecasting a doubling of production on this asset around the end of this year!
$308M increases to $616M.
The price is suppressed due to current management attempting an ambitious project in Ghana that appears heavily distorted toward their own personal benefit.
My view is that this Ghana project would have to be significantly changed in order to comply with the behaviour required by ASIC, and that NST with a 5% holding will strongly defend the value of this interest.
More risk.............Yes!
But current value of RND is $0.61.......... At $616M the market price is $10.15.
Without any increase in the price of gold, the investment NST has in RND could become a 16 bagger!!!
And if you have faith in NST and it's management, something you...
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Last
$14.06 |
Change
0.090(0.64%) |
Mkt cap ! $16.15B | |||
| Open | High | Low | Value | Volume |
| $14.18 | $14.20 | $13.98 | $35.45M | 2.516M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3451 | $14.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.07 | 434 | 1 |
View Market Depth
| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| NST (ASX) Chart |