Agree with mercedesman, whilst we are hopefully sitting on a monster, its in NC's interest to temper expectations and not let the valuation go through the roof.
We reiterate our BUY rating and 6p/sh price target which is based on the delineation of a 100Mt, 5.5Moz Reserve at >1.55g/t AuEq (on current dimensions of 450m x 600m x 150m at assumed SG of 2.8t/m3) on a 0.25x risk weighting.
schlemiel - pretty sure that NUM will not be allowed to trade the shares of a corporate client. Employees are certainly not allowed to trade GGP. Hope that helps you.