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06/11/08
12:12
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Smart move by NCM to pick up the highly prospective Camp Dome deposit in the Pilbara from cash-stapped Mount Burgess Mining NL.
NCM picked up the Camp Dome deposit, which is only 15 km N.E. of its Telfer operations for a bargain price of $2.35 million.
Opportunities like this abound for strong gold mining companies with viable mining operations and excellent cash flow.
Someone in this company has their head screwed on correctly - expect more of the same as the weak give way to the strong.
Darwinian principles of the "survival of the fittest" will be applied in this distressed market.
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