I thought I'd copy over some of the exploration results from NST quarterly report for Kundana (NST 51% TBR/RND, 49% EKJV). How's the grade they are finding in the hangingwall at Hornet (1.9m @ 173.7gpt and 1.7m @ 86.4gpt). Not to mention that the 51% NST share of the mine sold 103,051oz of gold YTD with a cash operating cost of A$507 and AISC A$711. Let the market undervalue the companies, I'm buying more because there is simply no other more profitable gold mine on ASX and it looks from the exploration work that there is more to come for a long while.
Eshmun
DYOR IMHO
"Drilling at Pegasus concentrated on the shallow dipping Pode structure. Recent results (downhole and uncut) include: 3.0m @ 11.3gpt. Further exploration drilling 1km north of the Pegasus deposit at Drake continued to provide exciting results. Significant results returned (downhole and uncut) were 5.0m @ 5.4gpt and 2.0m @ 7.2gpt.
At Raleigh, a hangingwall structure (Skinner Vein) returned multiple significant intersections including (downhole and uncut) 0.2m @ 326.0gpt, 1.5m @ 27.5gpt. In addition to the actual structure, the zone between the Skinners Vein and the main Raleigh structure returned significant results, including (downhole and uncut) 30.1m @ 14.0gpt, 8.2m @ 8.1gpt and 0.9m @ 34.7gpt. The Skinners Vein remains open at depth and along strike.
Drilling confirmed the continuation and depth extensions of the Hornet deposit over 100m beneath existing workings. In addition, mineralisation was intersected in the hangingwall of the Hornet deposit. Results include (downhole and uncut) 3.4m @ 22.5gpt, 2.9m @ 20.3gpt, 5.5m @ 26.4gpt, 9.1m @ 7.1gpt, 2.7m @ 10.5gpt, 12.9m @ 4.9gpt, 1.9m @ 173.7gpt, 21.9m @ 2.2gpt, 14.6m @ 5.5gpt, 8.0m @ 8.0gpt, 1.7m @ 86.4gpt, 11.4m @ 9.4gpt, 22.6m @ 4.2gpt, 2.7m @ 13.6gpt, 2.4m @ 15.4gpt and 5.7m @ 15.2gpt.
At Rubicon, drilling at depth revealed a northerly plunge shoot on the main K2 structure approximately 90m below exiting development. Results include (downhole and uncut) 5.8m @ 9.2gpt, 5.7m @ 10.6gpt. In addition, mineralisation was intersected in the hanging wall as well as in the K2B structure. Results for hanging wall include (downhole and uncut) 3.6m @ 10.3gpt, 6.0m @ 5.4gpt, 3.4m @ 19.4gpt, 2m @ 20.0gpt, 0.3m @ 54.7gpt, 1.0m @ 21.9gpt and 5m @ 13.7gpt. Results for K2B include (downhole and uncut) 3.5m @ 22.4gpt and 5.9m @ 3.6gpt."
TBR Price at posting:
$3.66 Sentiment: Buy Disclosure: Held
