the worst may be over, page-28

company review announcement of the 7 th June

Company stressed a few times

"free cashflow (after 1BLN of capital expenditure) is budgeted to be neutral in 2014 financial year AT CURRENT METAL PRICES AND EXCHANGE RATES"

POG AUD at time of announcement on 7th june 1481AUD/OZ

One month later 8/7/2013 POG AUD $1347, so those forecasts are out the window already?

, not NCM management's fault, the market has dropped the price - REDUCTION in METAL prices in AUD terms since announcement $134/OZ/AUD

Telfer
Expenses being dropped with office closures and workers closures, but at Telfer, the cash costs are 1162 and 1573aud total, they may be able to take action there which they are doing but the mine receives very large by product credits (359M last QTR)...which, with the reduction in copper and silver price since announcement will make life difficult , cut one side but get reduction in credits on the other, go nowhere

Hiden Valley, no brianer,,,,,,get rid of it imo
Gosowong they say is still going to be a low costs producer but costs spiked there last QTR, miling , mining and admin are huge for what they extract
Bonikro,,,,,mining and administration charges are very very high there

Anyhoo,,,,,,,just some info