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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Last
$16.56 |
Change
-0.950(5.43%) |
Mkt cap ! $18.16B |
Open | High | Low | Value | Volume |
$16.86 | $17.00 | $16.38 | $30.46M | 1.825M |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 632 | $16.55 |
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Price($) | Vol. | No. |
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$16.56 | 128 | 3 |
View Market Depth
No. | Vol. | Price($) |
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3 | 45378 | 9.020 |
6 | 72217 | 9.010 |
4 | 47094 | 9.000 |
7 | 65586 | 8.990 |
8 | 105898 | 8.980 |
Price($) | Vol. | No. |
---|---|---|
9.040 | 46480 | 7 |
9.050 | 128028 | 11 |
9.060 | 115189 | 10 |
9.070 | 48533 | 4 |
9.080 | 64340 | 6 |
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