NCM 0.00% $23.35 newcrest mining limited

annual reporting monday, page-10

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    Note on page 3 and 11 of the financial results that investment was up by $887.7 million, mainly due to mine development and acquistion of 50% JV. This will translate to growth over the coming years.

    For 1009/10 gold production is expected increase of 180,000 - 280,000 with capital expenditure is set to drop by ~$400 million. Assuming AUD price of $1140 these two factors combined will result in + $605-719 million for the coming year.

    And there's tungsten too..

    I'm not sure why folks are a bit slow to grab at $29 but I'm happy to be in.
 
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