Northern Star Resources NST Gold producer

[denpal]

A gold producer worth following IMO. I bought in last week. They do not have huge reserves but their ground looks easily capable of proving up more to maintain their 100kozpa production.

The chart shows a nice steady uptrend.

An investment fund has emerged as a substantial holder last week, Paradice Investments - apparently with a good track record of spotting good junior potential for out-growth.

[soulman]

Definitely, denpal. An excellent cash generative business NST has become since the acquisition of the Paulsen mine for $40 mil. They said they could have $40 mil free cash this year and no debt. I just don't like the amount of double digit millions option @5 cents strike and as well as @10 cents.

[trackers]

Nice chart and really nice results released Friday. Anyone on this?

18.8 m @ 62.7 g/t gold
6.4 m @ 120.2 g/t gold
13.3 m @ 12.2 g/t gold
etc

http://www.stocknessmonster.com/news-item?S=NST&E=ASX&N=561048

[lawrence]

Trading Halt Spectacular results go you good thing closed at .75 before TH has to hit above .85c when resume trading on thursday!

[trackers]

Given some of the massive hits they've announced over the last few months can't imagine how big these are going to be... Nearly hit buy so many times over the last couple months but never did, so well done to all holders these guys are on to a real winner

[drillfix]

Gee's, no regrets here but yet another stock that I fell a sleep on and never seemed to wake up to.

Ahh well, perhaps I may capture a small portion of the super run its had, or will continue having.

[trackers]

0.8m @ 12,718 g/t gold within 5.6 @ 1,713 g/t

r.o.f.l
0.8

[COLIN]

0.8m @ 12,718 g/t gold within 5.6 @ 1,713 g/t

r.o.f.l
0.8

With all that gold just lying around, you realise of course that it is going to depress the value of all the existing gold holdings around the world!!!!!!!!!!!!!!!!!

DIS: Glad to be holding a few NST, in these troubled times.

[drillfix]

Not such a bad idea there colin having a hold on a couple of stocks in these times.

I too have a couple of goldies which seem to be offering me better than sitting on the sidelines 100% cash.

Looking at the chart of NST though, I see a Gap back down there @ 75c that some day will be filled, plus a few other indicators saying things have run its course in the short term so I will keep an eye on these as they are on the Uptrending stocks list which are great value buying the retraces to 13ema or better yet the 60ema on a 60 min chart.

Good luck to holders~!

[soulman]

Last sold NST at 53.5 7th Oct. This baby even got as low as 43 in Sept.

Well done to the Paradice Investment Management and the Wyllie Group for taking a nice stake in NST during AUG. Maybe a few unloading today with the massive volume. Can't be any better near doubling your dosh in 3 months can it Colin.

[COLIN]

Can't be any better near doubling your dosh in 3 months can it Colin.

Agreed Soulman, although I haven't held for quite that long. Your comments, Drillfix, are also noted with thanks, and I agree that would-be buyers at present look to be insufficient to take up all the offerings by holders looking to take advantage of the rise in sp following the latest announcements. I don't intend to cut and run at this stage, though, as I would expect any weakening to be short-lived.

Another goldie that seems to be making a bit of a run again is IGR, where some of the key indicators are looking favourable. I used to hold, a year or so ago, but this latest rally had slipped beneath my radar and I may have left it a bit late to take full advantage of.

[COLIN]

Another goldie that seems to be making a bit of a run again is IGR, where some of the key indicators are looking favourable. I used to hold, a year or so ago, but this latest rally had slipped beneath my radar and I may have left it a bit late to take full advantage of.

I see that IGR have been issued with a speeding ticket. In their response they have drawn attention to recent Brokers' Reports upgrading target prices.

[drillfix]

Hey Colin,

Well done for holding your ground mate, pays not to listen to anybody except your own intuition.

Each day or week is new, so never ending surprises in these markets ehhh~!

[denpal]

Nice results. Australian based producers will become more popular as countries like Ghana seek to increase their tax on gold miners, in this case from 25% to 35% plus a 10% windfall tax............

I will continue to hold these unless there is a major meltdown in the sector which appears unlikely but you never know.

[Joshuatree]

Listening to latest presentation everything sounds great, reducing costs 30% bringing things in house , no debt, plans in place for increasing plant and mining towards 200,000 oz a year, stage 1 Paulsens(carbon and leach) to 100,000 0z ($70mill fcf)stage 2 Ashburton , new project 100,000 oz. Sulphide project and oxide potential .Re $80 million in cash and bullion the bank , 8 levels of activity underground atm, great grades, increased to 2.5gm ,96% recovery from bacteria oxideationprocess,, accelerating project 2 ,3 underground drills, results monthly. Want to put out a reserve on the Sulphides by year end.2012 guidance in feb 75 ,80,000 0z @ 600 to $650 generate $35 million. Paulsens voyager lode strike length up to 550 metros with good grades. mkt cap re $270 mill . Enterprise value $186 million ( 2 to 3 years cash-flow out of mine). Paulsens and ashburton projects both with upgrades. Paulsens bought for $40 million paid off in 8 months!. Voyager 2 maybe bigger than voyager 1 with spectacular grade hits. madien resource this year could be 5 yo 6 year production . Ore body to date 1250 oz per vert metre!. Significant exploration upside , $20 million allocated. 115 geological targets! Picked up $30,million data base with mine purchase. Parallel offset sections at paulsens no 1 target . same geology etc to replicate Paulsens maybe 5 offsets. Highest grade ore body in country ? Managemnet group on site 5 years plus. One year to construct ashburton mine ready end of 2014? say $35 million extra cost for bacterial oxidation, complete mill cost unknown atp.re 8gm tonne.. Ideally placed for acquisitions as market bodies crash.Aiming for $1 to $1half billion mkt cap in 3 years. Management own 20% of company .

Be good to hear some negatives.And timing on buying in ,tricky business. cheers.

[soulman]

One thing for sure JT is that expensive mining contractors are killing the boom and will ultimately end it. Greed has once again kill the market as it always does.

Chart wise, I won't touch it with a pole. I have been hurt lately for being stubborn and stubborness cost a lot of money. Sold RMS for 81 and NST for 89. Both for losses. They seems like a great escape but I still got plenty of dogs that are dragging me down. Last week was the worst week of my life so far. To think I shoulda learn from AUG last year or the GFC days. But I always make the same common and simple mistake. And the reason.......GREED and STUBBORNESS always get me. I was up nearly 30% from Jan this year (4 to 5 months) and I have almost wipe those gains out. Just venting at midnight. I supposed still positive for the year is not a bad news. But at the high, I was king of the world. Nevertheless, more experience under my belt I supposed.

Maybe a good time to buy NST at 50 flat cents, when it gets there.

[Joshuatree]

Sorry to hear Soulman;pulling the trigger and selling has been the hardest thing for me too , my ego also gets in the way . Twice I've recovered all my losses and more to pre GFC levels plus, and my instincts were to take profits ;i didn't and lost all that ground. Luckily now,i have a mentor or two who can see the bigger picture and they hammer away at me until i see it too. So been sitting on cash for months waiting and looks like the waiting to buy may be worth it soon.

NST do a lot of the mining work themselves now hence the 30% savings eliminating contractors . 50c wouldn't surprise me at all, PGI,RED,MML,SLR others on my gold shopping sale list too.

[soulman]

No worries JT. Looking for opps as usual. Just need to re-hash my strategy from this landslide....all in the space of one week in APR and one day last week.

[soulman]

NST looking to buy a company at this time. Market might not like this.

[Joshuatree]

Got a lot of puzzled discussion with few positive vibes. Looks like NST maybe buying a shareholding in VXR (and become the 2nd biggest),, with copper and zinc resources in Aus ;still an explorer with high cap exp , needing to raise re$236 million according to some. Still havnt bought any NST atp was waiting for an entry , and RED looked better buying .

[trackers]

Pretty happy buying in at these prices (just missed in the 90's last year). Sign of an unloved gold sector with FOMC signalling an end to QE in 2013?

[trackers]

Production up, costs down,
expansion to 100,000ozpa complete
Northern Star set to generate $65m-$85m surplus cash this year
Highlights

Highly successful December Quarter at Paulsens Gold Mine
delivers increased production and lower cash costs:
• 26,940oz mined and 20,515oz recovered
• 19,728oz sold at $1,665/oz for $32.9M revenue
• Cash cost $604/oz (includes royalties), total cost $909/oz
• Mining grade up 16%, processing grade up 12% to 7.7gpt

Strong December Half with 40% jump in key performance
indicators from June Half:
• 50,252oz mined and 39,230oz recovered
• 43,267oz sold at $1,619/oz for $70.0M revenue
• Cash cost $640/oz (includes royalties), total cost $899/oz
• Mining grade up 6%, processing grade up 15% to 7.3gpt

Paulsens expansion to +100,000ozpa successfully completed on
budget, with mill now running at 450,000tpa

Numerous half-yearly records achieved for mine physicals:
• 254,774 tonnes mined, 33% above previous record
• 3,231 metres of development, 33% above previous record
• 179,825 tonnes processed, 5% above previous record

Mining physicals hit 500,000tpa rate ahead of schedule:
• 325% increase in stockpiles from June Half to 102,022 tonnes
of ore containing 10,777oz

$1.9M in savings for the Quarter due to efficiency of Northern
Star’s own Mining Services Division compared to previous
contractor’s rates, with an overall year on year productivity
improvement of 78% in ore tonnes mined

Invested $11M in exploration and abnormal items in Dec Qtr:
• $4.0M – Exploration
• $7.0M – 100,000oz pa one-off expansion capital

Cash, Bullion and Investments of $62M

[tricha]

Production up, costs down,
expansion to 100,000ozpa complete
Northern Star set to generate $65m-$85m surplus cash this year
Highlights
Highly successful December Quarter at Paulsens Gold Mine
delivers increased production and lower cash costs:
• 26,940oz mined and 20,515oz recovered
• 19,728oz sold at $1,665/oz for $32.9M revenue
• Cash cost $604/oz (includes royalties), total cost $909/oz
• Mining grade up 16%, processing grade up 12% to 7.7gpt
Strong December Half with 40% jump in key performance
indicators from June Half:
• 50,252oz mined and 39,230oz recovered
• 43,267oz sold at $1,619/oz for $70.0M revenue
• Cash cost $640/oz (includes royalties), total cost $899/oz
• Mining grade up 6%, processing grade up 15% to 7.3gpt
Paulsens expansion to +100,000ozpa successfully completed on
budget, with mill now running at 450,000tpa
Numerous half-yearly records achieved for mine physicals:
• 254,774 tonnes mined, 33% above previous record
• 3,231 metres of development, 33% above previous record
• 179,825 tonnes processed, 5% above previous record
Mining physicals hit 500,000tpa rate ahead of schedule:
• 325% increase in stockpiles from June Half to 102,022 tonnes
of ore containing 10,777oz
$1.9M in savings for the Quarter due to efficiency of Northern
Star’s own Mining Services Division compared to previous
contractor’s rates, with an overall year on year productivity
improvement of 78% in ore tonnes mined
Invested $11M in exploration and abnormal items in Dec Qtr:
• $4.0M – Exploration
• $7.0M – 100,000oz pa one-off expansion capital
Cash, Bullion and Investments of $62M

I bought in today, became cheap with the sell off.

Became cheaper with this

http://www.stocknessmonster.com/news-item?S=NST&E=ASX&N=625481

[Joshuatree]

Some fantastic cheap quality Goldies going.Still havnt bought NST , hope to. Got a few KCN today, against my better judgement ; i don't have any idea if the bottom has been reached. KCN has a much higher div and reporting re friday.
Been a mass exodus from Goldies plus huge shorting going on.Technically some people think $1550 is where Gold will get to. Ironically PGI has been more stable price wise lately.So sold a few(today i think) to get KCN and yield. Goodluck and youll know when youve been to the bottom, because the bottom is firm :)

[Joshuatree]

Gold $1563 atp , Tin Hats on guys; Hunker in the Bunker. Goodluck

[tricha]

Why batten down the hatchs, the US $ is worth nothing, the biggest prymaid scheme in history.

NST has cash, low costs, no debt and exceptional prospects. The market is giving everyone a rare opportunity to buy discounted shares.

Be greedy when others are fearful!

[Joshuatree]

Maybe tomorrow.

[tricha]

Maybe tomorrow.

Tomorrow is to late.

This company's new drilling results, are fantastic .

[Joshuatree]

Never too late mate. Theyve prob had a dozen great results since march last year when they hit 3390g/t. i intend to get some NST at some point, it took the whole day plus yest for me to sell some PGI at my price, so may b next week, but am wary where Gold is going atm. Great company at great prices. Have an enjoyable weekend.

[tricha]

Never too late mate. Theyve prob had a dozen great results since march last year when they hit 3390g/t. i intend to get some NST at some point, it took the whole day plus yest for me to sell some PGI at my price, so may b next week, but am wary where Gold is going atm. Great company at great prices. Have an enjoyable weekend.

Hmm, next week might be a tad late to be in the safety zone. Depends on the gold price.

There is an updated broker report maintaining them as a buy. Not that I hold much faith in brokers, but it confirms my view in this case.

Happy hunting!


http://www.nsrltd.com/investor-centre/broker-research.html

[tricha]

Lock it in folks, quarter nearly done and gold in OZ terms, average $1550.

NST is making hay, paying dividends and announced a new resource upgrade, with higher grades.

At $1.00 still very cheap.

[tricha]

Lock it in folks, quarter nearly done and gold in OZ terms, average $1550.

NST is making hay, paying dividends and announced a new resource upgrade, with higher grades.

At $1.00 still very cheap.

This is well worth a read, hot of the press today.

http://www.stocknessmonster.com/news-item?S=NST&E=ASX&N=628770

[tricha]

Joshuatree are you till sitting at the railway station watching this sail past ?

The more read about NST, the better ti gets.

http://www.nsrltd.com/projects/paulsens-project/paulsens-gold-mine.html

[Joshuatree]

Hi tricha, still am unfort.Still waiting calmly (i see red:)for a rebalancing op. Thanks for that summary.

[tricha]

[QUOTE=Joshuatree;399890]Hi tricha, still am unfort.Still waiting calmly (i see red:)for a rebalancing op. Thanks for that summary.[/QUOTE

You got a golden window of opportunity Joshuatree.

Hot of the press, late today. http://www.stocknessmonster.com/news-item?S=NST&E=ASX&N=635007

Its an interesting ride.

[Joshuatree]

http://www.zerohedge.com/news/2014-...r-decade-gofo-rate-tumbles-most-negative-2001 (http://www.zerohedge.com/news/2014-11-06/physical-gold-shortage-worst-over-decade-gofo-rate-tumbles-most-negative-2001)
Physical Gold Shortage Worst In Over A Decade: GOFO Most Negative Since 2001 (http://www.zerohedge.com/news/2014-11-06/physical-gold-shortage-worst-over-decade-gofo-rate-tumbles-most-negative-2001)

Submitted by Tyler Durden (http://www.zerohedge.com/users/tyler-durden) on 11/06/2014 - 09:37http://www.zerohedge.com/sites/default/files/imagecache/fp_thumb/images/user5/imageroot/GOFO%201%20Month.jpg (http://www.zerohedge.com/news/2014-11-06/physical-gold-shortage-worst-over-decade-gofo-rate-tumbles-most-negative-2001)
As noted over the past week (http://www.zerohedge.com/news/2014-11-05/%E2%80%9Cglobal-scramble%E2%80%9D-silver-coins-%E2%80%9Chard-get%E2%80%9D-%E2%80%9Cpremiums-likely-jump%E2%80%9D)there has been a massive shortage of precious metals - most notably silver which as of this moment is indefinitelyunavailable at the US Mint (http://www.zerohedge.com/news/2014-11-05/us-mint-sells-out-silver-eagles-following-tremendous-demand)- as a result of the tumble in the paper price, and following 8 days of sliding and negative 1 month GOFO rates, today the physical metal shortage surged, as can be seen by not only the first negative 6 month GOFO rate since last summer's much publicized gold shortage when China was gobbling up every piece of shiny yellow rock available for sale, but a 1 month GOFO of -0.1850%: the most negative it has been since 2001!

[Joshuatree]

Joshuatree are you till sitting at the railway station watching this sail past ?

The more read about NST, the better ti gets.


Im on the Gold gravy train as of a few weeks ago and up another 11% today.

[Joshuatree]

Im still on the gravy, you too tricia?

Up $1.20 today:D to $8.20 all time high. great chart, was re $1.50 5 years ago.
Northern Star’s FY2019 guidance has increased to 850,000-900,000oz at an AISC of A$1,050-1,150/oz (US$787-862/oz)*
Placement closes heavily oversubscribed (https://hotcopper.com.au/threads/4408391/)

[Joshuatree]

Offer to take out JV interest from Rand and tribune in EKJV Download Document 132.69KB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD4we4y haZruRtke92GA%3D%3D)

Presentation out today as well 2018 AGM Presentation (https://hotcopper.com.au/threads/4537349/) Reserves and resources increased to 25.5 million oz.

[Joshuatree]

Investor Presentation - Acquisition of 50% KCGM Super Pit (https://online.asb.co.nz/ost/A90DF87639FDE450A79586D01FB28AE7/companyannouncements/showannouncement/asx/nst?issuercode=nst&number=959990&ispdf=true) Cap raise at $9 major raise already done with instos etc.

[wizAlvin]

only 30 + hours to get your 2020 picks in .... about ONE DAY

[Aaron]

Investor Presentation - Acquisition of 50% KCGM Super Pit (https://online.asb.co.nz/ost/A90DF87639FDE450A79586D01FB28AE7/companyannouncements/showannouncement/asx/nst?issuercode=nst&number=959990&ispdf=true) Cap raise at $9 major raise already done with instos etc.

Only got the notice from ASB Securities today. $9 at todays prices seems alright but I have no idea of the value of NST. Are any holders of NST excited by the offer?

[Aaron]

P/E of 49 times or 2% yield. Actual dividend yield is less. I appreciate JBmurc explained we are paying for reserves in the ground but the P/E has gone from 30 to 40 times earnings in June 2019 to nearly 50 now. I am optimistic on gold but don't really understand how these companies are being valued.

Dumb luck that I have done OK on them although NCM has gone nowhere since I topped up, might breakeven on my top up today.

A big jump in oil price will hurt profitability as well, as these companies will run on oil. For me it is more like gambling so maybe sell what I have and buy back in at $9.

https://www.sharetrader.co.nz/showthread.php?7449-Gold/page4&highlight=jbmurc+reserves

You need to scroll down to JBs post.

[JBmurc]

I personal would be selling the Major Gold producers and looking at the smaller end of town as I'm sure thats what the majors will continue to do to build up their Gold reserve book as its much cheaper to buy a Gold deposit than explore and develop a JORC + PFS + DFS + BFS ... NST took over EAR last year 33c you could have loaded up in EAR shares sub 15c months before I personal purchased 12c and took up the rights 11c

the likes of OBM should well be a T/O target along with WWI,CWX,RXL in time ..(I hold them all)

The Majors give you a much safer liquid trading platform into Gold Plays but unless your orders are in the hundreds of K - million ,,, your far better of following the mid-cap to jnr,micro caps

[Joshuatree]

Download Document 23.02KB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD6wu5w RSZruRtke92GA%3D%3D)

S/P up 80c to $14.74. :)Gold closing in on $1800 although a bit of resistance

[Joshuatree]

68 milion oz Gold merger of equals

Download Document 1.08MB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvTDYD6ge7y RGZruRtke92GA%3D%3D)