NST target $50 to $70 more likely

Gosh, a bit of a drop in SP brings quite a lot of loonies out of the asylum it seems ...

No doubt they will scurry away again when we quickly bounce back.

But, I'm certainly not going to feed their madness in the meantime, ... so I'm changing this thread to a more sensible title ...

To me it was always a bit surprising that this enormous upgrade to the KCGM mill was being achieved without impacting the operation of the current mill.

It seems now that, late in the upgrade, it is causing some reduction in performance.

As annoyed as I am with the management, if they do get the new plant up and running as planned it will be a massive boost to this company.

And, if Hemi is even half the deposit some believe it is, then that is a SECOND massive boost to the company.

Both these game-changers are not far off, along with the full roll-off of the hedges.

Even if we only produced 1.55 million ounces say, ... without hedges this gives at least $6 billion underlying cash flow.

With the new plant we should get more than $8 billion per year underlying cash flow.

At that point Hemi can be funded out of petty cash.