As NCM using blockcaving of a large amount of their mining so I thought some people might appreciate this figure.
It basically shows where Cadia East sits in terms of cashflow contribution and provides a bit of context for operations.
Positives;
Production ramping up on basically all fronts.
Hopefully have finally addressed some of the major reliability issues.
Solid exploration -> reserves and resources increases.
How I see the game.
Negatives;
Price of gold taking a beating for X reason.
Time to improve the fundamentals - performance needs to be proved and will the market lose patience before this happens in x months? x years :| ?
Reference: Heslop, TG 2000, 'Block Caving — Controllable Risks and Fatal Flaws', in Proceedings 3rd International Conference and Exhibition on Mass Mining, ed. G Chitombo, The Australasian Institute of Mining and Metallurgy, Brisbane, pp. 437-454.
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