NCM newcrest mining limited

nice move, page-40

  1. 707 Posts.
    Re price movements of NCM. I have steered clear of NCM. It has a low average EPS for 2012 and 2013. A low dividend. My valuation is a generous $20. I wouldn't buy for more. Based on a likely average EPS for 2012 and 2013 multiplied by 12 (for large gold miners). I have found most middle tier gold miners attract only a multiple of 10 with a good gold price. NCM though is a good indicator of price movements. Unfortunately NCM is up first thing when gold goes up and down first up if gold falls. Little room to ride a wave and jump off with gold price changes.
    Changing EPS can be viewed at COMSEC.
 
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