ncm fundamental outlook and basic technical, page-8

Kischa I believe Kcn had a miss as well.

Your argument that lower production will increase the Pog does not necessarily mean the share price will increase as profitability is basicaly pog times tonnes less costs.

Will an increase Pog compensate for the lower production? Depends how much pog increases by. PxV=?. I guess ultimately the gold and ncm charts will let us know soon.

Sydney thanks for sharing some of your very detailed analysis. Good reading on a rainy afternoon.