yep, wont be a good day, today...yep, blacks, not many other...

yep, wont be a good day, today...

yep, blacks, not many other companies are in their best position ever like ncm is.....



as per 2008 results presso, group cash costs of $A261/ozt for 2008. 1.7m oz produced.

using that as a basis to calc 2009 profits (quick back of envelope calc):

assume $350 cash cost (up almost $100 per oz)

assume same production - 1.7m oz

assume realised sales gold price of $A950 ($A150 lees than current price)

so, profit = 950 less 350 = $A600 per oz


at 1.7m/oz of production thats $A1.02B profit for 2009


(and that using some fairly conservating assumptions re: costs going up $A100oz, gold price $150oz less than current price and same production rate as prior year)



pity its gold outlook and US$ gold price that drive NCM share price and not profit per se. (well, its a pity at the moment, if gold takes off i wont think its a pity at all).....