where to from here (short term), page-7

"yes NCM is forecasting the all in cost of 1200 this financial year....the reduction is coming from less capital being reinvsested back in expoloration....the point i'm making is that even at the current gold price ...that is a very healthy profit margin!"

Well not quite, then add non sustaining capital expenditure, capital exploration, stripping and underground mine development, permitting costs etc etc etc...........

No gold miner wants you to know the REAL cost of mining.

NCM have been making $1b yearly profits for years while "investing" $2b each year. Then carry all this goodwill and make $6b impairments.

Surely investors will wake up someday.

NCM will be capital raising soon.