NCM was trading at $43 and change late last year with the aud...

NCM was trading at $43 and change late last year with the aud gold price well over $200 an ounce LOWER.

If you believe gold will be $300 an ounce lower in a few months time then sell/short etc. Simple.

However if you believe that gold is heading to $2k an ounce then at these levels you have to be a buyer.

The point a lot of folk seem to NOT get is a gold company only needs to procuce enough to gold to cover expenses,pay dividends,etc etc - any production not met in a quarter or month or whatever reporting period is not lost - it doesn't disappear nehing the couch - it remains in the ground for future production. Newcrest's resevers and resources are some of the best around and they have a proven track record in growing reserves through the drill bit. Every gold miner from time to time has issues as relate to production due to mother nature or other unforeseen circumstances. The point is ounces not mined remain in the ground for future mining.

This is nothing but another buying opportunity for long term investors - increasing margins is what the REAL story is all about.