I reckon the worst case scenario for NCM would be Gold = $650A$/US$ = .851.17 x 650 = A$765NCM is $24.43 @ A$909downside is -15% upside Upside is Gold = US$860A$/US$ = .80Gold = A$1075or 18%downside NCM at $24.43 is $21 and the upside is $29