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Northern Star still rising

Northern Star Resources’ (ASX: NST) cash machines – its underground gold mines – are both the reason the standout Australian gold miner is a star sharemarket performer, and why its supporters among the investment banks and brokers, and their analysts, can’t get too giddy when assigning higher valuations on the stock.

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Bill Beament ... Northern Star turning gold 'resources' into piles of cash

Former underground mining contractor Bill Beament, NST’s CEO, knew how lucrative mines such as Jundee, Kanowna Belle and Kundana had been for their former owners during times of strong gold prices.