NST 5.43% $16.56 northern star resources ltd

Sometimes depends what numbers we are talking about... not all...

  1. 521 Posts.
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    Sometimes depends what numbers we are talking about... not all gaps need to close.. short term anyways.. money to be made!

    check these numbers though:

     Northern Star’s organic growth strategy has culminated in a 10.2Moz gold inventory based on Tier-1 assets in Western Australia which will underpin significant, sustainable production growth and generate industry-leading financial returns for Shareholders

     The substantial inventory growth stems from Northern Star’s exploration success at its Jundee and Kalgoorlie Operations, both of which have been returned to their world-class status

     Previously-announced guidance for FY18 stands at 525,000-575,000oz at A$1,000-A$1,050/oz; Production rate on track to reach 600,000ozpa in CY2018; FY19 guidance is 550,000-600,000oz

     Forecast expansionary capital in FY19 A$60m and FY20 A$40m (down from A$75m in FY17 and A$65m in FY18)  Expanded inventory and upgraded production capacity positions Jundee and Kalgoorlie Operations to each produce ~300,000ozpa within two years

     Plus, Northern Star today announces a major discovery, the Zodiac high-grade lode at Jundee; this is not included in the inventory update

     Initial assays from Zodiac show multiple mineralised intercepts over a 200m single downhole interval: 4.8m at 21.2gpt, 2.9m at 10.4gpt, 0.3m at 47.0gpt, 3.6m at 4.0gpt, 3.1m at 4.3gpt & 2.5m at 5.4gpt (all true width)

    FY2017 Reserve-Resource Update:

     Total Reserves increase by 2.3Moz to 3.5Moz (despite depletion of 546,000oz in FY17)

     Total Resources increase by 2.7Moz to 10.2Moz, including a 58% increase in Measured and Indicated Resources to 6.3Moz, highlighting mine life visibility well past current Reserves

     Significant Reserve increases at the Tier-1 mines: ▪ Jundee up 100% to 1.45Moz (despite depletion of 259koz) ▪ Kalgoorlie Operations up 117% to 2.0Moz (despite depletion of 229koz) ▪ Kanowna up 125% to 0.6Moz ▪ NST 100% Kundana up 280% to 0.8Moz ▪ EKJV 51% Kundana up 36% to 0.6Moz

     Significant Resource increase at the Tier-1 mines: ▪ Jundee up 155% to 3.2Moz (now a 10Moz endowment) ▪ Kalgoorlie Operations up 25% to 4.5Moz ▪ NST 100% Kundana up 52% to 1.8Moz (now larger than EKJV), including a maiden Paradigm Resource of 187,000oz at 6.7gpt ▪ 51% EKJV Kundana up 35% to 1.3Moz at 6.3gpt

     FY18 exploration budget of A$35m to underpin Reserve replacement and potential for further growth N
 
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