Drilling results: Northern Star Resources Ltd (ASX: NST) corrected over 5.7% on April 13, 2016. On the other hand, NST surged over 36.2% in the last three months (as of April 12, 2016) driven by the positive updates by the group. NST recently reported that its drilling results at East Kundana JV near Kalgoorlie indicates the potential for Kundana to build on its 100,000-110,000ozpa production estimates for several years.
Recommendation: We believe that NST is trading at higher levels with a relatively high P/E as compared to its peers. We give an “Expensive” recommendation on this stock at the current price of $3.48
Pegasus - Rubicon - Hornet - major drilling results (Source: Company Reports)