march qtr review

Cadia - Lihir Improve....(but next QTR Lihir will go down due to 7 week estimated outage.) This is good however Cadia copper down, Telfer down Gold and copper (still not firing after all these years), Gosowong, WAY WAY down, Hidden Valley down, Bonoko Up

As a result, Cadia is just covering the fall in the other group asset production

Gross margins SMASHED 620 to 498/ OZ AUD, thats a 19.67PC fall in gross margin in 90 DAYs,,,,,,

Margins this QTR will continue to fall this QTR because

GOLD AUD well down from AVe Gold price achieved last QTR of 1584..WELL DOWN
COPPER AUD WELL off this QTR ,,therefore by cost credits will be less and costs will rise
COsts are being incurred for est seven week outage of Lihir on reduced capacity this QTR

They are talking up it was flagged,,,it was,,,production,,not margins,,,even before the pullback in Gold and Copper prices the margins have decreased 20Pc in a QTR,,,,,,profit and cashflow IS terrible and getting worse...

Gross profit isnt even russing as high as record net profit,,,,seems to have clearly peaked, as one part of the asset suite grows alittle the others produce less..

GL, Im not a buyer at 17 times....

summary sheet below,,,