Ann: Exploration Update, page-15

Profit was down 7%. What did you expect the SP to do? The results look good, but if they are drilling the deepest hole ever, doesn't mining deep underground also imply higher production costs? And Paulsens has seemingly reached the end of its life span. Its revenue has to be replaced. Anyway the SP held up fairly well today, though much of the time the POG was $1350+. It's likely to be lower tomorrow. Interest rate hikes and rising bond yields aren't likely to benefit the POG. I hope NST has another ace up its sleeve.