It is only valued so cheaply, because it needs to produce the final BFS and funding. That is underway now. On the US$ gold price, its been working in our favor. The A$ has dropped hard, so gold is still around A$1750 and there is absolutely nothing wrong with that at all. This is just people who will sell near the bottom because they cant or wont wait. Happens all the time and that is the opportunity. The previous AISC for this project are sub A$1100, so the profitability on this project puts the company on a forward PE x 3 times. For a gold company with 10 years reserves and much more in behind it, its cheap, not expensive. NST paid approx 30c with less holes drilled and the gold price is even slightly better. They would not agree with you. Funds can be dumb at times, check out Bluesky, Getswift, Bigun and endless other over priced rubbish they buy and then want to blame someone else for not doing their research. The same thing happens when they sell under valued stocks.
EAR Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
