I am expecting upgrades viz a viz Wafi/Golpu to be announced in July. Rumour has it that NCM has tried to grab 100% of this world class asset - can't imagine that NCM would be seriously looking at Harmony holus bolus given its issues in SA.
At some point the market will have to re rate NCM simply on the Wafi/Golpu upside alone..... by the tme it comes into production in 2015/16 the gold price could easily be in a $3k to $5k range.
I know i sound like a broken record but I believe all these recent dips represent excellent buying opportunities for a world class gold miner with an exploration record 2nd to none.
NCM Price at posting:
$37.19 Sentiment: Buy Disclosure: Held