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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Bullboard Posts
Comment by westcoast2019on Jul 16, 2019 2:26pm
135 Views
Post# 29926113

RE:RE:RE:RE:Q2 Earnings Challenge

RE:RE:RE:RE:Q2 Earnings ChallengeVOKBLVR - (7/15/2019 11:54:10 PM) 
RE:RE:RE:Q2 Earnings Challenge
It appears that Westcoast is talking total revenue and miningman is talking earnings.  Actual earnings to my mind will be slightly high than the miningman estimate but that is primarily due to the increase in the price of gold. I too believe that cost per ounce will be higher for a time as the development program will result in extra development and abandonment of quite a bit of last years work which was based on crosscutting the orebody as opposed to linear drifting along strike.

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Yes sorry I meant revenue not earnings. So I guess my comparison to MM $36 million doesn't apply. We shall see if costs increase faster than increased gold price I don't think it will and of course I am thinking grade will be better as some higher grade material may be included with stockpiled lower grades thus bringing up the overall average grade from last Q.
Bullboard Posts