NEM
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4.25% $66.41 newmont corporation

Hi All,NEM is currently trading around $5.50 and personally I...

  1. hulme912
    36 Posts.
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    06/01/09
    14:35
    Post #: 4661810
    Hi All,

    NEM is currently trading around $5.50 and personally I believe this trend will remain constant for sometime.
    The company as a whole has and is currently going through some 'cutbacks' on costs; but this is highly expected given the current financial status. All the eggs are placed on the Boddington Project and the future of this company along with it. However recent information suggests that the Boddington Project is set to start up Mid-way through 2009 and maybe earlier than expected.
    With this project set to go under-way and with the rising Gold Price I can only see NEM heading to the moon.

    Pleae feel free to add your oppinions.

    Cheers,
    Steve
    NEM Price at posting: $5.48 Sentiment: None Disclosure: Not Held
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