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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Comment by miningmanon Nov 04, 2019 11:59am
156 Views
Post# 30305780

RE:Well, That Was Certainly Something

RE:Well, That Was Certainly SomethingLoves ,  once again you show  a good understanding of where this is going.  Assume that the  debt is repaid  at around  $180  million  annually  for 3 -4  years.   Assume that  then  ,  there MIGHT be sufficient  free cash flow to consider  instituting dividends.


But by then   the  need for  either  a  $200-  300  million   shaft  will be evident,  or a new  crusher/  conveyor system to  handle the ore from  below  1100   metre level


Of course if millheads drop to  8  grams ,   then debt repayment becomes  problematic
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