Something Fishy Here!, page-69

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pmd3nka

2,393 Posts.

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07/02/19

16:59

Post #: 37366646
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Originally posted by eshmun: ↑

It's not just Pogo, look at their Kalgoorlie operations, AISC of $1,406/oz for the Dec quarter and far more opaque reporting on those operations than anything RSG are reporting. You'd need to read my previous posts where I discuss this opaqueness to understand. I've also discussed the difference between RSG's Syama mine development and NST's mines in terms of the number of portals/mining openings required to extract the same number of ounces of gold per tonne. NST's mines aren't scalable to the degree of Syama and will never match Syama in terms of mining costs once the mine at Syama is running to plan. The only advantage they have is their grades which have been falling over the last 5 years so that production can be increased and maintained. Tell me what NST's "real" actual free cash flow is, ie monies that are unencumbered against future mine development and replacing reserves? Then tell me how many years of such free cash flow would be needed to make its market capitalisation. NST is not a bubble in the same league of your US tech stocks but it is a bubble nevertheless IMO. Compare its net assets to its market capitalisation as well. That's also tell, because for accounting purposes you are not allowed to artificially inflate the value of those assets, like the market is allowed to do.

In the end the traders and the market make no difference. It's the success or otherwise of the mining operations that determines shareholder returns and the long term success of a gold company.

I'd also say the recent report of the killing of 146 Jihadists in the Sahel in the northern of Burkina Faso is not helping things here either. It seems as if the Jihadists have grouped into a third generation force and seem to know how to play the politics as well as engaging in terrorist acts.

I have found information on this group and talk a bit about it here for anyone interested.

https://hotcopper.com.au/threads/an...4609999/page-77?post_id=37356513#.XFuzeRo_WhA

Esh

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Forgot about Ravenswood! Should hold price above low $.90s?

pmd3nka (also keeping eye on RSG)

RSG Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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0 Great analysis

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Something Fishy Here!, page-69

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

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