NGF norton gold fields limited
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Anyone knowledgeable have a view on today's quarterly report?The...

  1. loki01
    11,154 Posts.
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    29/04/08
    19:03
    Post #: 3642198
    Anyone knowledgeable have a view on today's quarterly report?

    The average grade of 1.31 g/t (fallen from 1.76 in Dec)seems low to me for an underground operation and cash costs went up a lot from $540 to $A620 per ounce.

    But I have no mining knowledge so do not take my view on this.

    Cash at hand of $34.6m, and debt in the form of convertible notes of $38m.

    loki
    NGF Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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