NUS 0.00% 34.8¢ nusantara resources limited

Hi Baro, Do you know the history of the project, who the...

  1. 12,259 Posts.
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    Hi Baro,

    Do you know the history of the project, who the previous owners were and why 732 diamond drill holes and 158 RC holes (apparently good enough for a JORC2012 compliant gold reserve) ended up in the hands of NUS.

    Just reading some of the stuff you posted I get a red flag warning at the suggestion that local partners might become involved.

    Number of shares on issue look attractive but the NPV seems small for a project of this scale plus some pretty high CapEx numbers.

    I haven't really looked at it properly but my view is I like Indonesia for cheap 5 star holidays, not as an investment option.

    On my watch list for now. Esh
 
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