hmmmm, based on todays preso I have got me some NMGOs. Now I know that posters will probably come out of the woodworks to point out why I am comparing apples with oranges ...and that's ok....but still.....I can't help but notice from the preso that NMG are looking at reserves/resources/production approx 1/3ish that of PRU.....and yet the MC is 1/15ish that of PRUs. The NMGO ops are still around 4c with a 30c conversion price. If apples were the same price as oranges then NMG should make it's way to 1/3 the MC of PRU...or about $1.30/share. That would put NMGO at around a buck. So what you have in NMGO is the relative safety of a mid tier producer with the explosive upside potential of a speccie....
I would be pretty sure it won't exactly pan out that way. It rarely does. Still at around 4c the NMGOs are worth a punt ...all in my opinion.
pru vs nmg
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ACF (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.12 |
Change
0.030(2.75%) |
Mkt cap ! $337.5M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.14 | $1.09 | $775.7K | 696.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20204 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.13 | 5077 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ACF (ASX) Chart |