Feels like NCM is undervalued to market based on the...

Feels like NCM is undervalued to market based on the current.

With the potential of an increased offer or competing offer, I'm optimistic on NCM.

Obviously lots of variables here - particularly USD FX and Newmont share price.

If offer improves, USD strengthens, and Newmont shares price goes up, much bigger upside for NCM.

		7-Feb	52 week high	Recent high
1	Newmont share price	$47.60	$84.00	$55.00
2	USD FX	$0.69	$0.69	$0.69
3	Newmont share price (AUD)	$68.99	$121.74	$79.71
4	NCM Value (0.38)	$26.21	$46.26	$30.29
5	Current NCM value	$24.50	$24.50	$24.50
6	Discount	7%	89%	24%

DYOR