NGF
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0.00% 25.0¢ norton gold fields limited

Slightly different figures again.Company has stated C1 of 970/oz...

  1. Gus4444
    663 Posts.
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    05/10/11
    18:41
    Post #: 9053050
    Slightly different figures again.

    Company has stated C1 of 970/oz and 150,000 oz for the year.

    The last three quarters have seen C3 costs roughly 20% higher than C1, implying C3 of 1164/oz.

    Average AUD gold price for 1 July to 30 September was 1,620/oz. If we assume this average gold price for FY12, this implies $A68.4m cash flow from operations for FY12 (150,000 x [1620-1164]). Note current $AU gold price is $1700/oz.

    C3 was $A1342 for Q4 FY11, so this is unlikely to plummet down to $1164 in Q1 FY12, so less than $A17.1 million this quarter.
    NGF Price at posting: 19.5¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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