As an investor in LGL and having never invested in NCM I am now very much looking forward to being part of the new merged entity ,assuming their are no other bidders.
Giving consideration to the size of the merged resource , an annual production profile in excess of 2.5m ounces & the likelyhood of gold at $1500usd+ by Jan 2011 I suspect many long term NCM shareholders will be surprised as to the explosion in price in NCM going forward.
When considering the strong AUD and the balance sheet strength of the new operation , good mix of non Australian earnings etc it is conceivable , should the gold price head to where I believe it will head , that by the end of Q1 next year NCM trades solidly in a $65 - $75 range. Maybe higher.
- Forums
- ASX - By Stock
- NCM
- im now looking forward to the lgl takeover
im now looking forward to the lgl takeover
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NCM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online