IMO the SP will react positively in the next few weeks when the...

IMO the SP will react positively in the next few weeks when the March qtr results are announced. There have been no adverse production announcements during the qtr and the POG has been well above guidance of $1,900/oz. NEM has dropped significantly over the last year and US investors are sceptical at this stage. They will want confirmation that the nadir has been reached (at say $30) and the company's strategies are unfolding as planned with respect to asset sales. IMO the March qtr is a watershed moment for the company and it will be positive. I expect a spike in SP and then a gradual rise up to valuations as the CY unfolds with more positive news regarding favourable asset sales. Post non-core asset disposal, the company is estimating aisc of around $1,400 against a backdrop of POG of about $2,300. A lot of fat has been cut out of the system over the last 12 months making an enviable case for NEM. With a 6moz tier 1 run-rate production that's a big earnings jump. In the worse case scenario of $1,900 the numbers support a positive re-rating. Hang in there and we will all be pleased with a confirmed upward momentum in the short term followed by on-going SP strength and world-wide quality grade dominance in the sector.