NCM 2.75% $28.78 newcrest mining limited

"he has done a reasonable job cleaning up the balance sheet over...

  1. klu
    551 Posts.
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    "he has done a reasonable job cleaning up the balance sheet over the past few years"

    Total free cash flow: $601m
    FCF from Cadia: $691m

    Take out Cadia, you have a FCF of -$90m. Negative FCF without Cadia! Wake up?
    No need to remind that Cadia East started production only "over a few years". In addition, looking at a chart of PoG in AUD in the past 10 years, it has been near the top "over the past few years".
 
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