This announcement should have been a no brainer. Remember the $200m loan facility last year, that tied the company over for 2014 the last year of its capital expansion projects.
Financially the company should be ok, the surprise might come in the ore reserve report. Look on the brightside if surprise to the upside tomorrow, 10% gain is reasonable. Otherwise if surprise to the downside, just stay around these levels.
NCM Price at posting:
$11.00 Sentiment: LT Buy Disclosure: Held
