ridiculous moves - serious pain on the cards , page-28

The counter arguement is that the ounces remain in the ground for future mining - it isn't as if they dissolve into thin air and are lost for good. Would you prefer ounces to mined now at $1525 or in 6 months at $1600+?? Yes we have had production misses this year but that is the nature of mining - It's not as if NCM is the only miner to fail to meet production targets. The glass half full approach would suggest one focuses on the positives such as NCM's excellent exploration record which is second to none.

Anyway the more I think about the CQT deal the more I think Catalpa wanted to ward off SBM at any cost - NCM was the wight knight so to speak. You would think the brains at NCM would know full well what the value of the merged entity + Cracow/Mt Rawdon would be worth. Time will tell if this remains a good investment for NCM- but you would have to think this "rescue job" was done on NCM's terms.....