-
11-07-2017, 09:35 AM
#2191
Member
-
11-07-2017, 09:39 AM
#2192
-
11-07-2017, 09:45 AM
#2193
Member
Remember a few months back some of the posters were speculating what the SP could be by end of this year?
My pick was that SP might be 10c by end of this year, will stick to my guns.
-
11-07-2017, 09:49 AM
#2194
Originally Posted by Stumpynuts
Remember a few months back some of the posters were speculating what the SP could be by end of this year?
My pick was that SP might be 10c by end of this year, will stick to my guns.
Not outside the realms if "spectacular" lives up to its definition. From here on it is just a case of do the maths of ounces x gold price (NZD) less extraction plus silver ounces and whacko $$$$$ is your answer
-
11-07-2017, 10:58 AM
#2195
Member
Lets not get ahead of ourselves - 10c per share implies a more than $207m market cap which isn't going to happen for a pre-production mine in NZ.
We could potentially settle between 1.5 - 2c per share by end of year if the good news keeps flowing.
-
11-07-2017, 11:02 AM
#2196
Originally Posted by Antipodean
Lets not get ahead of ourselves - 10c per share implies a more than $207m market cap which isn't going to happen for a pre-production mine in NZ.
We could potentially settle between 1.5 - 2c per share by end of year if the good news keeps flowing.
Surely that depends on where the JORC ends up.
"Isn't going to happen" based on what? If the JORC indicates 500m in profits...why not?
-
11-07-2017, 11:41 AM
#2197
Member
Originally Posted by Antipodean
Lets not get ahead of ourselves - 10c per share implies a more than $207m market cap which isn't going to happen for a pre-production mine in NZ.
We could potentially settle between 1.5 - 2c per share by end of year if the good news keeps flowing.
It's a speculative stock, nobody knows what can happen.
I can guarantee that a majority of people here weren't picking British & Irish Lions to draw with ABs either, but it happened.
-
11-07-2017, 12:19 PM
#2198
As Jonu pointed out, it should be simple math, resource* price - cost, then throw in some market expectation for good (further upside in resource or price of Au) and bad (NTL ability to do it).
I love the idea of 10c, even 6c (10 bagger), hell, after all this time 3c would be stellar.
"Spectacular" to me says SP should be North of 1c VERY soon, how far above........well, who knows.
-
11-07-2017, 12:19 PM
#2199
Member
Sure, it depends on what the updated details are. I just don't think the details are going to warrant this stock suddenly having a end of year market capitalisation of greater than say HLG ($184m) for example - and I'm a bullish holder. While not impossible, I think that outcome this year is extremely unlikely.
To demonstrate - your 500m in profits. Using $1672.06 NZD per ounce, $568.00 USD prod cost (NTL annual report 2016), $1.37 USD to NZD - would need 560,000 oz gold to generate that profit. That's assuming both that the gold price doesn't diminish or production costs don't go up (both dicey). Either way wouldn't change the fact that we aren't producing yet.
I'm all on board NTL and looking forward to the future. Let's see what tomorrow brings and not count our chickens before they hatch yeah?
Also, I don't think comparing sports betting to investing is a good comparison.
EDIT: Although now I think about it, 560,000 oz would be a 'spectacular' upgrade....
Last edited by Antipodean; 11-07-2017 at 12:46 PM.
-
11-07-2017, 01:13 PM
#2200
Member
Originally Posted by Antipodean
Sure, it depends on what the updated details are. I just don't think the details are going to warrant this stock suddenly having a end of year market capitalisation of greater than say HLG ($184m) for example - and I'm a bullish holder. While not impossible, I think that outcome this year is extremely unlikely.
To demonstrate - your 500m in profits. Using $1672.06 NZD per ounce, $568.00 USD prod cost (NTL annual report 2016), $1.37 USD to NZD - would need 560,000 oz gold to generate that profit. That's assuming both that the gold price doesn't diminish or production costs don't go up (both dicey). Either way wouldn't change the fact that we aren't producing yet.
I'm all on board NTL and looking forward to the future. Let's see what tomorrow brings and not count our chickens before they hatch yeah?
Also, I don't think comparing sports betting to investing is a good comparison.
EDIT: Although now I think about it, 560,000 oz would be a 'spectacular' upgrade....
I know 10c isn't realistic, just saying that stranger things have happened in the world as evidenced by the rugby in the weekend. 10c was just a number thrown up in the air.
It's not realistic to assume total ounces would go to 500,000oz this fast, but like I just said - stranger things have happened...
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks