NCM 2.75% $28.78 newcrest mining limited

NCM $40 by end of the year, page-3

  1. klu
    551 Posts.
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    Thanks, CEO,

    Just intended not to overstate. Actually POG will break the AUD$1750 barrier very soon. The minimum step after the breakout is AUD$100 if looking at the chart. That will take the price to AUD$1850.

    Even at AUD$1700, NCM's free cash flow will be around $30 per share and its share price should be between $50 and $60 using the historic PE ratio. So, $40 is a conservative estimate.
 
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