Any interest in NGF here?
BBY Brokers have a valuation of 21c on NGF and is one of their preferred gold stocks. Assumptions are $1300/oz and AUD/USD=0.9.
Not a lot of volume in this one normally so this could move quickly if and when it does. They say that at a gold price of $US1350/oz the valuation increases to 27c. This therefore presents very good leverage to a rising gold price.
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