Tefler should be sold. The rehabilitation costs are large....

Tefler should be sold. The rehabilitation costs are large. Another mid tier in that area can make far better use of the mine than NCM. We’ve got rubbish tenements vs peers in that area too.

NCM need to remain in crisis mode. AISC of all the mines need to be sub $950 USD.

NCM have the balance sheet and run rate to do well once gold is past $1,400 an ounce, they can easily fund Waifu + a tilt for Solgold (as an example)

I’m annoyed that they are paying small dividends, they should be make balancesheet debt free and buy back stock. They should only be doing dividends if they can reduce AISC and make substantial $$$.