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NST - Northern Star Resources

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System

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Northern Star Resources Ltd (NST) explores and develops mineral resources in the prospective Kimberley region of Western Australia. The Company has three exploration project groups, covering an area of 3500sqkm in the mineral rich Halls Creek district.

http://www.nsrltd.com
 
July Month Summary
Northern Star Resources (ASX:NST) is pleased to advise that it has enjoyed a bumper start to its ownership of the Paulsens Gold Mine in Western Australia, with gold poured in July exceeding budget at a record of 10,546 ounces. This result compares with the budget forecast of 8,707 ounces set at the time Northern Star agreed to acquire Paulsens. It also compares well with the Project’s previous monthly record of 9078 ounces achieved in mid 2006. The record achievementin July was assisted by some late June production which carried into the following month and made all the more significant as the processing plant was only available to mill for 80% of the month.
Northern Star Managing Director Bill Beament said "the results for July highlighted the potential for Paulsens to outperform the targets set by the Company in coming months."
The underground operation produced 10,529 ounces from 26,898 tonnes @ 12.2 g/t, this figure includes 4,212 tonnes of low grade material @ 1.3 g/t. This tonnage is the third best monthly production since mining began 6 years. As at the end of the month the surface stockpiles ready forprocessing contain 10,679 ounces of gold.
It is NST's intention to report monthly over the coming months as to the performance of the Paulsens Operation.
 
This must be flying under the radar on the ASX and also here with the last post on the 12th-August-2010 12:54 PM!. Jumped on at 30c last week and now its .435c with the price of gold breaking towards the $1500 mark this surely is a GOLD MINE in more ways than one paid off $15M debt noe they are debt free :D

laurie
 
I got in at .285 :)

A little surprised at how well its taken off maybe a little pull back coming ??

Good volumes in the last week too.... one to watch
 
I got in at .365. Still happy about that and might buy some more. This one is definitely flying under the radar. Would be good see it stay above the .40 barrier...
 
theartglasshouse said:
I got in at .365. Still happy about that and might buy some more. This one is definitely flying under the radar. Would be good see it stay above the .40 barrier...
Click to expand...

I was lucky to be in at 19.5 but have seen some troubling lows @ 12 cents. 80% of my portfolio is reliant on NST going gangbusters. I herar the guy who organised the float is a real winner, but it has taken a LONG time to get to steady 40's. He made comments that this stock is well valued at a dollar. So thats where I see myself shedding 25% of my stock.
 
Got a speeding ticket tonight at 5:20pm same reply from every company "me know nothing" :rolleyes:
 
Does anyone know cost of producing and the quality of gold on this one?
Noticed NST got a nice plug on Your money your call.
 
they were around the $700 mark for cash costs.

and i think will easily see over the 100k peryear make soon.

quiet rapid growth with this company..
 
Hi all

what is everyones thoughts on future upside (not after a SP target) but opinions in regard to exploration, production, etc. I.e. what will drive the sp in the med term:

1. obviosuly gold price
2. Production increases?
3. Mine expansion?

I am just after some general commentary. I have been researching some Goldies lately and have spent many hours examining companys before deciding not to invest. Before I go and spend this weekend on NST Im just after some general feedback.
 
A bit of reading and NST looks to be moving in the right direction, good grades, production is solid and costs have been reducing. MC approx 205M and producing around 77koz per year with expansion planned eo cy 12 to exceed 100koz then on to 200koz.
Drilling to extend Voyager appears to be very successful with some recent good intercepts. Reserves are 668koz at 2.91 g/t. and 31M cash.
I do not hold, thought some might be interested in an outline. Read the latest quarterly to get the picture, the exploration upside is there seemingly as well...

31-10-2011 10-10-36 PM.png

Sitting near highs, market likes it.
 
I find that NST and RRL have been REALLY strong.

Too bad I only trend followed NST with 5% of my portfolio :banghead:

Looking to top up if the price hits a tad lower :D
 
Chasero said:
Looking to top up if the price hits a tad lower :D
Click to expand...

Does this mean that you are only interested in NST if the POG falls dramatically, the company strikes problems, or the GFC 2 really gets going?

I'm waiting until the price is high enough, then I'll buy, and you can see the obvious level on the chart.
 
mr. jeff said:
Does this mean that you are only interested in NST if the POG falls dramatically, the company strikes problems, or the GFC 2 really gets going?

I'm waiting until the price is high enough, then I'll buy, and you can see the obvious level on the chart.
Click to expand...

I've held it since around 40c, so I'm looking to top up if it hits around 45c (which I very much doubt) I already missed my chance once as I bought into another stock.. so not going to make the same mistake twice...

Also, what do you mean you are waiting till the price is high enough? I try to not buy shares at their highs as I look to buy in when people do the heavy selling. (i.e. on large down days)
 
I would be assuming that things were looking better generally in order for the price to approach highs, and then further assuming that it wasn't weakly approaching its previous highs, I would be looking to get into it on the breakout (yes many things needing to happen, but that is why there are 2000 stocks to look through).

NST clearly offers good gold exposure but I don't like buying in when it is not showing strength, in this case it is not clearly going up in my mind, it may strike trouble and head back into the range.
As for your entry at 40c, everyone has their style - it sounds like you would be selling today and if so, then 47% profit and that is a great result, I would be very happy with that!
 
mr. jeff said:
I would be assuming that things were looking better generally in order for the price to approach highs, and then further assuming that it wasn't weakly approaching its previous highs, I would be looking to get into it on the breakout (yes many things needing to happen, but that is why there are 2000 stocks to look through).

NST clearly offers good gold exposure but I don't like buying in when it is not showing strength, in this case it is not clearly going up in my mind, it may strike trouble and head back into the range.
As for your entry at 40c, everyone has their style - it sounds like you would be selling today and if so, then 47% profit and that is a great result, I would be very happy with that!
Click to expand...

Yep, NST has formed 2 tops @ 60c. Hence why I consider 55c-60c the sell range.

And I have a habit of selling early (e.g. sold CBA at 45 bought at 46 in the midst of the panic!!) Hence now I take a step back and really review my positions before deciding whether to push the all important sell button.

Im looking to buy-in NST again so I hope something shocks the market so I can grab another piece :)
 

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