This 6% of revenues to be paid as dividends is a big deal. I think it's odd as it places the emphasis on production only rather than managing costs and margins. Anyway, it's going to be lucrative.
If we assume 550k in FY18 at a safe average of AU$1600/oz, that's $880m revenue which means a divvy pool of $52m or 8.7c per share.
If we start to assume higher production and higher POG, the figures get really good.
600ktpa at AU$1650 results in 9.8c per share.
Should gold perform well over the next few years (which I think it will) and our production profile lifts (including some of the volume not included in the published 600k), NST will return a huge amount of cash to SH.
Business first; mining company second. Bill and team are certainly walking the talk.
What is not to like?, page-13
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Last
$17.51 |
Change
0.140(0.81%) |
Mkt cap ! $18.16B | |||
| Open | High | Low | Value | Volume |
| $17.48 | $17.55 | $17.28 | $26.79M | 1.534M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2751 | $17.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.52 | 36039 | 6 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| NST (ASX) Chart |
