yeah who knows, Im still suffering brain drain on accounts which are somewhat different this year, anyone else get the same indication? Very complicated indeed, sensitivities used in 2014 clearly out the window.
seems the unhedged miner isn't so unhedged anymore, copper forward contracts gold forward contracts and fuel hedged again but this time at 76.........retranslation on plant and equipment (611M Fx adjustment up) hadn't seen that before, helps explain the lift in book value which was also helped by huge capitalisation of costs under exploration
Ok good luck
NCM Price at posting:
$11.44 Sentiment: None Disclosure: Held