NGF
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0.00% 25.0¢ norton gold fields limited

13c high breaking out

  1. oppietrader
    5,377 Posts.
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    02/02/09
    11:20
    Post #: 4750465
    Market cap: $50mln
    Production target: 150,000 OZ
    Cash cost: $800
    Current gold price: $1450
    Margin: $650
    Potential Cashflow margin: 650*150,000 = $97.5mln.
    Hedging loss: $43mln
    Potential Cashflow after accounted for hedging:
    $97.5mln - 43mln = $54.5mln.
    Cash: $22.6+16= $38.6mln
    Debt: $38mln of convertible notes....


    NGF Price at posting: 11.5¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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