the bull market in gold far from finished, page-4

ayy GM

I can see your quick valuation points, (ncm priced for $1100 POg) but I was thinking, why dont you value NCM at its margin price instead of the hypothetical retail of Gold it claims it has in the ground?
Its latest margin was 1029, and I suppose if it did actually get all of the gold out of the ground and closed up shop, they would be left with just a margin, last reported at 1029/ OZ..

I know that is not conventional thinking in pricing gold companies but after all of the resources are mined and sold a mining company is only really left with a cash margin...