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Newcastle Minerals Ltd A.NCM


Primary Symbol: V.NCM



TSXV:NCM - Post by User

Post by Beabaggageon Aug 24, 2022 1:36pm
295 Views
Post# 34917601

BMO has an AUS $29 price target for NCM

BMO has an AUS $29 price target for NCMthey liked Brucejack drill results and prospects for much higher production in low cost Cadia and in Lihir.  2022-23 will be capex heavy but there will be more copper from Cadia as well w SAG mill updates complete and also offsetting cost cash via Molybdenum from that mine..plus more cash coming in from LUG's US.40c div to NCM.  Long.  implies a 50% upside, but really price of gold in US$ has to cooperate.  They are benefiting somewhat from lower AUS$ on costs and are not affected by labor issues in W Aus to-date.  Bea
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