was more just taking a look at MM's assumptions of massive increases in production next year, this is not the case, its 2017, not 44PC next year as per his soundings
........."The 2014 forecast lift in production is very significant and if the POG remains at where it is or better during the QE3s , then EPS is likely to lift proportional to production. This could , IMO, be up to 44% (a lift in production of 1.01 mil ozs over 2012's 2.29 mil ozs)
NCM Price at posting:
$25.73 Sentiment: None Disclosure: Held