By the way, I emailed NCM re Lihir stoppage and I got a terse reply on the 10th October indicating that Lihir had recommenced full production and that
impact on production was set out in the market release of 20 September.
I am unsure as to why the market is skeptical as evidenced by the SP drop from $29.94 in Sptember to Friday's close of $22.51. Can Mr Market be that wrong.
This is a drop of almost 25% and even under the worst case scenario I cant see
EPS dropping this amount. On the contrary, If Cadia East & MOPU perform as
expected the EPS should lift at least 20%.
Cheers
Moorookamick
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