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$28.78 newcrest mining limited

Quadruple Bottom formed over 1 year, page-11

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Kipper01

5,308 Posts.

156

10/04/18

13:13

Post #: 32346628
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Originally posted by Happy!Days! ↑

It’s back running at 50% capacity. They are processing ~11mt p.a, fully operational it’s ~24mt p.a.

It depends on permits granted, they want to dump tailings into an old open pit. I’d say we’ll know by end of the month. Once it’s back and operating we’ll run pretty well.

Also a lot of analysts have $1,300 as there base price in models, Morgans have $1,250 (forward years)... if gold breaks like we all think, the upside is significant.

I grabbed some September out of the money call options as well as adding to my holding. For a big boring blue cap the risk v reward is outstanding here IMO

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Cheers Happy!

Yes, as mentioned in a post yesterday Commsec analysis has their earnings forecast for 18/19 at double the current FY. Your comment re assumed gold price could, as you say, turn out to be very significant for sure. Here's hoping.

Kip

NCM Price at posting: $19.75 Sentiment: Buy Disclosure: Held
2 Upvote

1 Great analysis

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