I read a piece of research from Morningstar on NCM yesterday - they rate the stock an accumulate with a share price of $45 or thereabouts , but the absolutely ridiculous aspect of their analysis is they are using a long term gold price of us $800 an ounce. So some clearly don't get it - plenty of investors will be guided by such misinformed analysis...
As suggested earlier on this thread the cash margins in a miner like a NCM are going through the roof , throw in a falling/moderating oil price/aud and going forward you are looking at a billion then some in additional profit pa - even without considering any increases to production etc etc.