NCM up 9% in US ADR trading Friday 11/4 on the back of big jump in Au and Cu pricing. We'll see if that holds. All my miners up quite a bit, NCM's 32% controlled Lundin Gold was up 9.6% in TSX trading. When the market was lower I added to both to lower my avg cost and consider both long term holdings. LUG is paying US.40/yr in divs now from strong FCF.
NCM has heavy capex in coming years but a decent or strong Au and Cu price will fund I think and then provide low cost mining for years w huge FCF. Oh well we'll see if it holds, in this crazy market you never know. It did technically look like Au did a short term double bottom around US$1,620 and closing above previous support at 1675-1680 to Friday's 1683 is a positive. GLTA. Bea
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