barrick denies rumours, page-2

what Barrick sayss to the media and what they do is going to be like chalk and cheese

on a chart basis NEM is oversold for sure, but on fundamentals alone compared to its major peers, the market seems to say it is more expensive pe( 1 yr est) 26.55 cf anglo gold 16.31, barrick 15.07 and goldfields 15.37. On price to sales and price to book NEM comes out better though with 3.87 and 2.06 respectively. Problems for all these majors are they are pulling out less of the stuff with higher production costs. A significant pull back in price of Gold is a disaster for these guys.

I hold NEM rather than the others coz mainly because it has the the greatest amount uunderground reserves close to 100 mil ounces and because I think management at NEM are top notch. It also has a better 2008 and 2009 profile when I hope gold will be 1000 $ USD