My mistake, misread your post.
Ultimately I agree with what spec said, it comes down to margin. This mine is going to be a cash cow in the first few years with US$550/oz AISC.
Just an aside, the tier 1 definition is something that is a bit confusing and thrown around by companies to market themselves. I wouldn't consider any of NST's assets as Tier 1 and Sanbrado isn't Tier 1 either.
Tier 1 as used by BHP/RIO/Barrick, Newcrest etc generally means assets with lowest quartile costs, large scale (in gold terms I think 500koz per year) and long life (say reserves well beyond 10 years).
My mistake, misread your post. Ultimately I agree with what spec...
Add WAF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.50 |
Change
0.023(1.52%) |
Mkt cap ! $1.866B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.51 | $1.49 | $1.122M | 747.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 8800 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 26548 | 14 |
View Market Depth
| Last trade - 11.20am 22/11/2024 (20 minute delay) ? |
| WAF (ASX) Chart |
