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4.25% $66.41 newmont corporation

Jo,Boddington mine is impressive by all accounts. NEM Current PE...

  1. dharry
    2,762 Posts.
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    07/08/09
    11:32
    Post #: 5480483
    Jo,
    Boddington mine is impressive by all accounts.
    NEM Current PE is around 20. Income to cost is around 5:4. If gold doubles, income to cost then becomes 10:4, so profit in theory would blow out by a factor. Will gold double? I don't know but once it breaks US1000 it could really run. What will they all buy then? Blue chip gold miners. imo.
    NEM Price at posting: $5.02 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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