NCM 0.00% $23.35 newcrest mining limited

Ann: December Quarterly Report , page-2

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  1. 13,171 Posts.
    lightbulb Created with Sketch. 2810
    Last year production 1631183OZ of GOLD
    Targeting 1810000-1910000 this financial year
    Current First Quarter production only 377084OZ

    REquired AVerage gold production for the remaining of financial year ended 30/6/10 is 418033 OZ just to make last years production. Ie they need to improve on thier last production report at a min of 10.8% compared to last quarter, to get back on track.

    If they are going to get to the lower end of their 2010 Guidance they need to produce AT LEAST 477638 OZ of gold in each of the three report remaining for the year.

    442 333 ITS A MISS.........regardless of the positive spin working for them this time........mine to be totally commissioned etc.....for the present Im negative looking for something but with gold falling....time to sit.....and not a mention of the 2Bln needed for further development of the 5 year plan........

    Any insights traders?
 
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