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Australian: NST Shines

  1. RVR

    3,651 Posts.
    Barry Fitzgerald's article in today's Australian is interesting. Some excerpts:

    "NST margins are now sitting at about A$600 an ounce."
    "..... “The company is really looking forward to a strong second half production (performance), and great cashflow at a much higher gold price than what we have been delivering in the last couple of quarters,’’ Beament said.
    He added that there would be more colour on capital management when NST releases its profit report on February 17. Take that to mean that its prospective (annual) yield is likely to be more around the 5 per cent mark than the current 3 per cent."
    ".....I would like to re-emphasise the growth story Northern Star is going to deliver in the coming months and coming quarters,’’ Beament said."
    "......“We have 23 drill rigs working across the company drilling on top of world-class deposits which is going to give us a fantastic news flow which I think will underpin this company for years to come,’’ he said.
    “Hopefully we have got some great news to tell our shareholders and investors over coming quarters of how that $50m we are reinvesting back in to the company is going to carry this company for a long time to come,’’ Beament enthused."

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