You mentioned to me on the AAM thread that NQM was the real deal.
I respect your opinion and having read the presentation they released yesterday, the main issue I I have is their high cost of prodution (total cost over $900/oz doesn't leave much margin for a fall in the gold price- which is always possible, even though I think unlikely).Also, they don't have a large resource- only around 550,000oz- and are reliant on acquisitions to grow.
Would be interested in your views on why NQM is such a compelling buy- compared to say AAM?
NQM Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held
