re: up in the usa
The figures that I've seem indicated that NEM has 18% of its reserves in Peru, and it is anticipated to produce 40% of its revenue. Those figures are priced in already.
Newmont had also planned to produce around 125,000 ounces of gold this year at its $23 million Corichaca mine in Bolivia, but Bolivia plans to take control of all its natural resources including mining deposits, Vice President Alvaro Garcia said May 2.
http://www.bloomberg.com/apps/news?pid=10000086&sid=aiMFZrvas6Gg&refer=latin_america
So I suppose NEM can write off its Bolivian gold assests already. The Peruvian assets will probably be next. NEM President Lassonde certainly admits that he is worried, and these guys usually try to talk down these type of risks.
So anybody holding NEM will be having some sleepless nights, and if they get to sleep they will have nightmares.
BDG seems to be a better option, or even NCM despite its hedge.
be afraid, be very afraid........., page-4
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Mkt cap ! $9.316B | |||
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