If you want to talk about seismicity issues maybe B.B. should fess up to the market about NST’s 100% owned Kundana mine developments because they are the mines that suffered the seismic issues in the past and were shut because they became dangerous.
In any rational stock market the price of NST should have tanked badly today on this announcement.
The EKJV produced 267,154oz in the 2018 financial year. NST’s share 51% or 136,248ozs of the EKJV production was 23.7% of the total ore produced by NST of 575,121 ozs in financial year 2018.
$150 million values NST’s share of the EKJV at $156 million.
Considering the EKJV represented 23.7% of NST’s more profitable production. This offer values NST (pre-Pogo and cash holdings) at
100/23.7 x $156 million = $658 million
That puts a value on Pogo and the cash NST hold of $4.7 billion. Good luck with that.
This offer needs to be investigated by the government and I don’t mean regulators. I mean by the parliament. Esh
If you want to talk about seismicity issues maybe B.B. should...
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