Northern Star Resources (NST)
- Thread starter bazz1000
- Start date
Hi there - I bought NST at a buck but have not been tempted enough to add more. It has broken out of its downtrend but is not showing a lot of herbs. I'm confused by the chart of NST and am half of the view that it is going to go through a major corrective pattern - an ABC pattern or 'one down, one up, one down' would be typical. If that happens, the rally you're now seeing will eventually give way to another downleg before a real strong uptrend can be borne. If gold breaks out or some vital news occurs holders will get a better price, but I'm just not excited by what I see yet. Almost all gold stocks are for cynical cutthroat traders happy to make money off other shareholders really - not investors. I've attached a thumb of the decade monthly chart and see how the shape is expanding since 2010? Also how the last low overlaps the prior high? Situations like that have not worked out well for me in the past, so I'm uneasy about NST.
[imgz=http://forums.silverstackers.com/uploads/1893_nst_5_yr_weekly_apr.gif]
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[imgz=http://forums.silverstackers.com/uploads/1893_nst_5_yr_weekly_apr.gif]
SilverSanchez
Active Member
these sell offs usually happen over 2-3 days
shano73 said:95.5c atm, dive in the waters warm.......all the miners are getting flogged todayanother buying opp for people I think.
My word it does look inviting!
I would definitely like to see where this is at by the end of the week as I agree that these sell-offs do happen over a couple of days
Down down
Prices are down
$0.72, down 4%
Northern Star Resources Limited (ASX: NST) is pleased to advise that drilling
has returned high-grade gold intersections 100m below the previously known
limits of mineralisation at the Paulsens mine in WA.
The intersection of 9.8m at 17.3gpt, including 0.4m at 184gpt, was made
100m vertically below the deepest mineralisation previously recorded at
Paulsens' key Voyager 1 lode
Other significant results from at or around the same depth include:
10.0m at 31.9gpt
12.8m at 25.4gpt
8.3m at 40.3gpt
25.2m at 9.8gpt
9.8m at 17.3gpt
These results are all located more than 200m below the current production
level at Paulsens. Given that mining at Paulsens is progressing at the vertical
rate of 40-50m per year, generating about 2,000oz per vertical metre, the
latest result provides more strong evidence that Paulsens will continue to
enjoy increases in resources and mine life.
Northern Star Managing Director Bill Beament said the latest high-grade
intersection at depth in Voyager 1 provided more evidence that there was a
substantial amount of gold still to be discovered and mined at Paulsens.
"We are hitting high-grade gold in virtually every direction we drill," Mr
Beament said. "It is becoming increasingly clear that Paulsens not only has a
long, outstanding future but that after 10 years, its best days may still be in
front of it."
http://stocknessmonster.com/news-item?S=NST&E=ASX&N=635749
Prices are down
$0.72, down 4%
Northern Star Resources Limited (ASX: NST) is pleased to advise that drilling
has returned high-grade gold intersections 100m below the previously known
limits of mineralisation at the Paulsens mine in WA.
The intersection of 9.8m at 17.3gpt, including 0.4m at 184gpt, was made
100m vertically below the deepest mineralisation previously recorded at
Paulsens' key Voyager 1 lode
Other significant results from at or around the same depth include:
10.0m at 31.9gpt
12.8m at 25.4gpt
8.3m at 40.3gpt
25.2m at 9.8gpt
9.8m at 17.3gpt
These results are all located more than 200m below the current production
level at Paulsens. Given that mining at Paulsens is progressing at the vertical
rate of 40-50m per year, generating about 2,000oz per vertical metre, the
latest result provides more strong evidence that Paulsens will continue to
enjoy increases in resources and mine life.
Northern Star Managing Director Bill Beament said the latest high-grade
intersection at depth in Voyager 1 provided more evidence that there was a
substantial amount of gold still to be discovered and mined at Paulsens.
"We are hitting high-grade gold in virtually every direction we drill," Mr
Beament said. "It is becoming increasingly clear that Paulsens not only has a
long, outstanding future but that after 10 years, its best days may still be in
front of it."
http://stocknessmonster.com/news-item?S=NST&E=ASX&N=635749
AngloSaxon
Active Member
This is on my watch list, The Bull Weekly share tipsreckons NST is currently a Buy.
SilverSanchez
Active Member
They pay a dividend and have a good margin
Only $25m and $14 per resource oz for Plutonic. Current resources of 1.75Moz @ 10.8gpt and historically Plutonic has converted 50% resources to reserves.
"Outstanding exploration potential"
Operating gold mine including accommodation camp, power station 'n everything.
Synergies with Paulsen expected. Predicting Plutonic's all-in sustaining costs to be in the range of $1050-$1200/oz after allowing for some efficiency measures Northern Star intends to implement.
Northern Star's M.D, Chief Ops officer both worked at Plutonic and Plutonic's ex senior geo is now Northern Star business development exec. Suggests they know what they're getting.
Says bulks up NST enough to be attractive to global institutional investors.
"Outstanding exploration potential"
Operating gold mine including accommodation camp, power station 'n everything.
Synergies with Paulsen expected. Predicting Plutonic's all-in sustaining costs to be in the range of $1050-$1200/oz after allowing for some efficiency measures Northern Star intends to implement.
Northern Star's M.D, Chief Ops officer both worked at Plutonic and Plutonic's ex senior geo is now Northern Star business development exec. Suggests they know what they're getting.
Says bulks up NST enough to be attractive to global institutional investors.
Northern up in lights after Plutonic deal
PAUL GARVEY THE AUSTRALIAN DECEMBER 24, 2013
NORTHERN Star Resources has set its sights on becoming one of Australia's largest listed goldminers after buying the Plutonic goldmine from North American heavyweight Barrick Gold.
Northern Star, which already owns the Paulsens mine in central Western Australia, will pay Barrick $25 million for Plutonic, which has been in production for more than 20 years.
The acquisition, which will be funded out of Northern Star's $45m in cash reserves, will make the company one of Australia's four biggest listed gold producers.
Northern Star managing director Bill Beament said the acquisition would lift the company's annual output from about 100,000 ounces to about 200,000 ounces.
"It's not too often you can double your production for just 10 per cent of your market cap," Mr Beament told The Australian.
"It's a fantastic result."
Barrick has been selling off its portfolio of smaller, ageing Australian goldmines as it moves to focus on its bigger, higher margin operations. In October, it completed the sale of three WA goldmines to South Africa's Gold Fields for $US300m.
Mr Beament said the Plutonic acquisition was similar to Northern Star's earlier acquisition of Paulsens, where the company was able to drive down operating costs and substantially extend the project's mine life. Mr Beament, Northern Star's chief operating officer Stuart Tonkin and the company's business development manager Bernie Sostak have all worked at the Plutonic mine in the past, giving the company a head start in its efforts to overhaul the operation.
The plunge in the gold price this year, coupled with Barrick's commitment to quit its less profitable operations, meant Northern Star was able to buy Plutonic for far less than it would have cost a year ago.
"You'd probably have to pay $150 (million) a year ago," Mr Beament said.
"For $25m, we've also picked up all the mobile and fixed plant underground, all the jumbos, loaders, trucks, drills, fans and pumps. The replacement cost for that equipment alone is $25m."
The mine has reserves capable of supporting two more years of operations, but Mr Beament said he was confident that much of the project's 1.75 million-ounce resource base could be upgraded and extend the ultimate mine life.
Barrick said the mine had been operating at an all-in production cost of $US1110 per ounce this year. Plutonic produces about 115,000 ounces a year, but Mr Beament said that would likely drop to between 100,000 and 110,000oz as the company abandoned the processing of low-grade waste ores.
Shares in Northern Star closed up 4.5c to 72.5c.
PAUL GARVEY THE AUSTRALIAN DECEMBER 24, 2013
NORTHERN Star Resources has set its sights on becoming one of Australia's largest listed goldminers after buying the Plutonic goldmine from North American heavyweight Barrick Gold.
Northern Star, which already owns the Paulsens mine in central Western Australia, will pay Barrick $25 million for Plutonic, which has been in production for more than 20 years.
The acquisition, which will be funded out of Northern Star's $45m in cash reserves, will make the company one of Australia's four biggest listed gold producers.
Northern Star managing director Bill Beament said the acquisition would lift the company's annual output from about 100,000 ounces to about 200,000 ounces.
"It's not too often you can double your production for just 10 per cent of your market cap," Mr Beament told The Australian.
"It's a fantastic result."
Barrick has been selling off its portfolio of smaller, ageing Australian goldmines as it moves to focus on its bigger, higher margin operations. In October, it completed the sale of three WA goldmines to South Africa's Gold Fields for $US300m.
Mr Beament said the Plutonic acquisition was similar to Northern Star's earlier acquisition of Paulsens, where the company was able to drive down operating costs and substantially extend the project's mine life. Mr Beament, Northern Star's chief operating officer Stuart Tonkin and the company's business development manager Bernie Sostak have all worked at the Plutonic mine in the past, giving the company a head start in its efforts to overhaul the operation.
The plunge in the gold price this year, coupled with Barrick's commitment to quit its less profitable operations, meant Northern Star was able to buy Plutonic for far less than it would have cost a year ago.
"You'd probably have to pay $150 (million) a year ago," Mr Beament said.
"For $25m, we've also picked up all the mobile and fixed plant underground, all the jumbos, loaders, trucks, drills, fans and pumps. The replacement cost for that equipment alone is $25m."
The mine has reserves capable of supporting two more years of operations, but Mr Beament said he was confident that much of the project's 1.75 million-ounce resource base could be upgraded and extend the ultimate mine life.
Barrick said the mine had been operating at an all-in production cost of $US1110 per ounce this year. Plutonic produces about 115,000 ounces a year, but Mr Beament said that would likely drop to between 100,000 and 110,000oz as the company abandoned the processing of low-grade waste ores.
Shares in Northern Star closed up 4.5c to 72.5c.
3 new broker notes appeared on the company's home page today. All calculate the Plutonic purchase to increase valuation to 97c - 1.15.
Download reports from 'Featured news', top left of home page:
http://www.nsrltd.com/home.html
Download reports from 'Featured news', top left of home page:
http://www.nsrltd.com/home.html
Another one behaving strongly in the face of a capital raising, but given this C.R includes a Shareholders' Purchase Plan (SPP) @ 0.86 it's all the more unusual.
Anyway I took the risk of not receiving full allocation due to possible scale-back and sold 10,000 @ 1.12. Have subscribed for $15k worth in SPP. Goldies on fire relieved to say.
Motley Fool take February 11, 2014
Should you buy Newcrest Mining Limited or Northern Star Resources Ltd?
NORTHERN STAR 5 YEAR WEEKLY CHART
Anyway I took the risk of not receiving full allocation due to possible scale-back and sold 10,000 @ 1.12. Have subscribed for $15k worth in SPP. Goldies on fire relieved to say.
Motley Fool take February 11, 2014
Should you buy Newcrest Mining Limited or Northern Star Resources Ltd?
NORTHERN STAR 5 YEAR WEEKLY CHART