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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Post by miningmanon Mar 01, 2021 2:46pm
250 Views
Post# 32687141

Thoughts on Q1

Thoughts on Q1   We  are now  66%  of the way  thru Q1.   Lets see  whats  in store  for  the next  quarterly report.  The biggie will likely  be POG,  down  from  $1914   last quarter to  perhaps   $1740   average  ,  or a 10%   reduction.    Days  in  the Q1  will only be 90  vs   91/92   in  other quarters  so  another     reduction  there in  produced  ounces. 

Covid will still be an isue with  associated costs as per shown  in  Q4  report.   Snow removal  costs and other winter inefficiencies wont start to  lift untill Q2.  Looks like  significant increases  in development and drilling are anticipated.  Say  3%  increase. 

The other biggie will be mill heads.  Being  optimistic ,  these will stay   constant   as per Q1  ,  at   8.9  grams  per tonne but  conversely a drop to the 2020   average of 8.5  might be  more conservative. 

So  unless they REALLY   ramp up the tonnes thru the mill ,  the financials  wont look great.  Time to start thinking  of  buying  puts again  perhaps
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