new response..15% increase in profit guidance, page-10

So .... half yearly profit to end of calendar year 2008 may exceed a 15% increase compared to the corresponding period last year.

That may be a conservative statement.

One wonders how much ADOVE a 15% profit increase there will be given:

* the significant increase in the POG;
* Telfer production being ramped up;
* Other production increases;
* An end to the after effects of the Varanus Is. gas supply disruption (was NCM compensated for this disruption?;
* cheaper energy costs in line with falling oil prices

The future has never looked better for NCM

2009 will see NCM breaking above its all time high - sooner rather than later ... imo.