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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Bullboard Posts
Comment by pathson Feb 20, 2018 5:44pm
127 Views
Post# 27590431

RE:RE:Exaggerated selling

RE:RE:Exaggerated sellingUS dollar is on a rally last few days, and so gold is pulling back. Also gold was back up to 1360 one more time without breaking through, and is falling back from that failed move. We already know about what will be in the 3/8 report as the ounces were released, it is not known if they will use the opportunity to give an update in the Q1 production, maybe but likely not. The Q1 report could be expected to be better, that would be mid May, but grams produced might be announced earlier, perhaps mid April.

One might be able to make a rough estimate of the Q1 report. That is calling it 50% 1320 level and 50% 1230 level. 1320 level would have caused the better grades in Q3, and 1230 level is better than the low grades of 1200 level in Q4. Whatever way a person estimates it, it has to be better, can't be towards the bottom of the guidance range unless something serious were to go wrong.
Bullboard Posts