This 2 day sell off seems completely over the top. Now down 7% or thereabouts.... You would think we are talking about a production shortfall of 400k to 500k ounces.....
"Consensus ratings drop from $42.97 down to $42.59" Wow! JPM sees unit costs rising from $578 to $600 but the rise in aud gold will more then offset this..
Buying opportunity with aud gold at these levels.
NCM Price at posting:
$33.49 Sentiment: Buy Disclosure: Held