NCM newcrest mining limited

net debt load 4 142 000 000 = huge risk, page-4

  1. 14,217 Posts.
    lightbulb Created with Sketch. 123
    sorry to be a bull. But things may not be a dire as they seem.
    Just looked up the company's most recent presentation at the Denver Gold Forum in Sept this year

    ASIC costs '13 = A$1,283
    POG yesterday = A$1285

    almost break even

    Plus three pieces of positive news
    1. No debt financing until Sept '15
    2. cost forecasts to fall in '14 to $1,200
    3. Predicted POG in '14 = $1,450

    Based on these facts the company is likely to stick around for at least two years
 
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