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....