Well one month before I made that post the gold price was trading at less than A$1,500/oz and you nor anyone else could have predicted the direction of the gold price. What I said then was perfectly valid as TBR was far less of a risk should have the gold price declined from that level, rather than risen. In any respect TBR’s all time high of $8.50 still exceeds NST’s high of $7,32 and TBR is still significantly undervalued relative to NST.
Watch out for NST as they have been playing a game of smoke and mirrors with the WGX acquisition.....grades declining at Kalgoorlie....working much much harder to produce the same amount of gold and risk still there with their 100% owned redevelopment projects at Kundana.
For a guy who boasts about his stock picking prowess with NST you sure know how to find some dogs. I won’t list them all. Esh
SL1 Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held