Here are the charts of NML and CYL in comparison to Gold Price...

Here are the charts of NML and CYL in comparison to Gold Price (XAU/USD). Comparison starts from the Gold Peak price of USD 1911 in Aug. 2011.

CYL sp increased 411% against that peak gold price since then.

NML sp decreased 61% against that peak gold price since then.

CYL has 2 JVs 50% and 51% (with NML but not someone else).
NML has a JV (49% with CYL) and 4 other projects with very high potentials (Irvine, Langi Logan, Glenlyle and St Arnaud).

NML is undervalued, I have no doubt about it.






As an interesting point, when NML's chart is flipped, it looks like CYL's chart.