NCM 0.00% $23.35 newcrest mining limited

Nice floor, page-16

  1. 2,304 Posts.
    They have a little more debt than 300 million. They only have half that in cash. I really can not see how they can survive beyond 2015. Even if the gold price stays where it is now. Let alone if Harry Dent is right and gold tests that $250 to $700. When I last looked NCM has around 4.42 billion debt. Around 128 million cash. And a massive market cap around 11 billion. If that is not a debt bubble and overvalued, then nothing is.
 
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Currently unlisted public company.

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