NCM 0.00% $23.35 newcrest mining limited

annual reporting monday, page-17

  1. 13,085 Posts.
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    Hi Woollydog

    eps is historical

    Look forward at what can be expected

    Ripped of Timoshev,,

    "Note on page 3 and 11 of the financial results that investment was up by $887.7 million, mainly due to mine development and acquistion of 50% JV. This will translate to growth over the coming years.

    For 1009/10 gold production is expected increase of 180,000 - 280,000 with capital expenditure is set to drop by ~$400 million. Assuming AUD price of $1140 these two factors combined will result in + $605-719 million for the coming year."

    Then add rising gold price

    Proft up dramaticvally and expected to rise again

    Tungsten sale or production

    Rising Dividend

    Resources upgrades

    Exceptionally strong Balance sheet

    More production coming online in this qtr

    I think she is a bargain and think if gold holds,,,target of 32.50 near term is not far away imo ....

 
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