will it go higher..., page-36

paying 18.31 times earnings for somethig with contracting margins, production issues for 4 years and falling margins and return on assets and equity 6-7PC resepctivley,,seems expensive.......rent on your capital of 1.31PC partly franked


also dont forget to add the credit lines undrawn back then are now increased, not a 750M overdraft basically nearly undrawn, its 2.5BLn plus alot of corporate debt, balance sheet is definitleyt not what it was and given production was down 22PC and falls in many of its assets, do you really think it will make its target, and more than ever it will need to exceed it as AUD POG comes down and costs rise....

Lets also add in their capital managment performance last year,,,,,losts of buy backs,,,,and now it needed extra debt...NCM...no credible managment

NCM will manage itself like its always done