As NCM using blockcaving of a large amount of their mining so I thought some people might appreciate this figure. It basically shows where Cadia East sits in terms of cashflow contribution and provides a bit of context for operations.
Positives; Production ramping up on basically all fronts. Hopefully have finally addressed some of the major reliability issues. Solid exploration -> reserves and resources increases.
How I see the game. Negatives; Price of gold taking a beating for X reason. Time to improve the fundamentals - performance needs to be proved and will the market lose patience before this happens in x months? x years :| ?
Reference: Heslop, TG 2000, 'Block Caving — Controllable Risks and Fatal Flaws', in Proceedings 3rd International Conference and Exhibition on Mass Mining, ed. G Chitombo, The Australasian Institute of Mining and Metallurgy, Brisbane, pp. 437-454.
NCM Price at posting:
$22.04 Sentiment: Hold Disclosure: Held
