morninstar accumulate recommendation

The conservative Morningstar have re iterated its accumulate recommendation , suggesting $42.85 share priced based on aud gold of $1000 and aud copper of 3.13. They suggest the sell off from last years peak of $43.71 unwarranted and believe NCM remain well placed to develop and establish new low cost long life mines.

Heaven help if Morningastar ever values the company at current spot gold prices which are +50% over their longer term gold price assumption.......