re: production downgrade It doesnt really concern me...

re: production downgrade It doesnt really concern me MiningNut.

At 80k ounces and cash cost of $300, it would be safe to use $550 Australian NMC is going to generate $20million in opearting cash flow PA. Remeber they dont have to pay a royalty anymore. Id say they would pay back all of their debt in 2 years maybe 3. Heaps of drilling upside, share price is developing a nice base around 4c. I have recently bought more. With the SBM hunchback leaving, no finance risk, no sovereign risk, I think NMC is going to out perform in the next 12 months. Anne is the brains behind this one. I think 10c within 1 year is very achievable especially if they can prove up those resources some more. If gold goes balistic then it will take the NMC share price with it.