About 30 mill ounces of reserves or about 44 mill ounces of measured and indicated resources - at last count. Could be higher.
Operationaly not sure.
Huge volume day in NCM - the selling , the majority of which must be related to general market weakness / fund selling, is being well absorbed.
Once the general market steadies and picks up NCM can explode to the upside with the gold price even staying flat.
Trouble is the xao may fall to 4200 ish before recovering - NCM may spend some time either side of $40 while the general market teeters....
QE3 probably a month away at best - once announced everything explodes to the upside except the USD which could very quickly drop a further 10% to 15% upon said announcement.
the gold stock undercurrent, page-21
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