Club Mulgoa

Thursday, November 17, 2011

NST

When I saw the announcement, my eyes nearly popped out. The grade is the highest in Australia for a long, long time at 0.8m at 12718g per ton. That is >300 oz of gold, valued at >USD$400,000 per ton of dirt. Elizabeth Taylor must have buried her gold pieces there!

I went in and grab what I could by offering a high price and collected a parcel at 89c. Luckily I didn't pay the top price for today! When the fact sinks in, a few more investors will want a parcel of this stock. If more drilling results match this one, then the share price will leap again.

But recently one stock was rapidly dumped (after a rapid rise) when it announced that the assay was incorrect! Hopefully it won't happen to NST!

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