Fundamentals have changed, page-77

Never thought I would see NST with a "2" in front of it. Well, actually I did, but I was more thinking in the future, and four digits, not 3.

At say $3, that's a $1.8b market cap. With $400m in cash and equivalents, maybe $450m if you count the hedge book, that's really back to a value of say $1.4b on an operating net of at least $250m, not counting net new ozs being discovered, which in my view easily doubles the net operating profits. WOW. I mean that is getting crazy cheap. I have been buying on the way down. Up to 500,000 shares now. I am a bit motivated to double that when I can, at these silly prices.

Do they have an ability to cut operating costs. I have a strong bet they do. The A$ gold price is still pretty strong anyway.