For $100 a share to come into play I think we need production for the next 3 or 4 quarters to be on track plus also need some significant reserve upgrades - given whats been discovered thus far at Wafi/Golpu perhaps theres more to come at this world class aset. Of course the gold price will have to continue its relentless rise - $2500 aud gold coupled with reserve upgrades/in line production and NCM could very well be trading at $100 in 12 to 18months time.
NCM Price at posting:
$36.90 Sentiment: LT Buy Disclosure: Held