here comes the slide, page-21

Is NCM really that cheap?

2 million ounces annual production divided by 8 billion market cap = $4000. say cost of production $500 and then sale price $1000 making $500 per ounce times 2 million is 1 billion. So EPS is 8. Yeah pretty good but still not SCREAMING BUY but is not a bad entry point.

On netwealth they list it as having a
Price/Earnings Ratio 56.29

Why is my calculation and theirs so out of wack, also pays a scrappy dividend .57%

If something has a PE of 56, it must still be too high.

DOM has a PE of 6.20 and almost 6% dividend.

Probably safer to be in DOM than NCM.