ok NEM will start setttling down around 85$ by the looks of it...any $100 in POG is causing 10$ dips in shareprice which is ridiculous....it was a buying opportunity and i did avail it....anyone know the impact of revenue in 100$ price change in USD of POG? Current earnings per share is now $4.46 as of end of May. And in 3months, the overall liabilities has fallen from 26$ billion to 24$billion. So a QoQ of decrease of 10%. Going this way we are looking at 16$billion by next year total libilites. and cash on hand will increase from $4.7 billion to close to ~10$billion when dividends are taken into consideration. What will newmont do with the money? Return to SH or keep it for accretive buyins? I would hope they go majorly in copper or look to do complete optimisation of their current plants etc.
NEM Price at posting:
$82.76 Sentiment: Buy Disclosure: Held
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