On 2.7 million ounces of gold production every AUD$100 increase in the price of gold is an extra $270 million revenue for NCM. However, NCM is significantly increasing gold production.
Having a look at a chart the Australian dollar gold price has clearly broken out to the upside from the consolidation pattern it was in for some time.
It's only a matter of time imo before NCM makes serious, exciting price gains. I topped up last week during a panic down day.
NCM Price at posting:
$40.73 Sentiment: Hold Disclosure: Held