RE: Seeking Alpha - Newcrest article7 Apr 2022 09:43
Interesting read.
Strong indication - IMHO - is that NCM have been heavily investing in their future prospects, and the numbers are quite big - but as gold and copper prices stand, this should bear fruition quite quickly. Whilst they do not appear to have become over-reached, you can see why some of the NCM shareholders are calling for a pause in investment so that they can reap the rewards of the recent policy.
Logistically, NCM need to convert some of this potential into gold ounces for sale - so it continues to be in their interests to get HAV producing just as quickly as possible.