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$23.35 newcrest mining limited

Totally agree Nord. I think that should occur across the sector,...

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speculator101

11,574 Posts.

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14/08/17

20:20

Post #: 26490798
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Originally posted by nordesmic ↑

The largest gold miners in the world, of which NCM is one, historically trade on very high PE ratios. That could often be 30-50. There is no equivalent gold stock in Australia so you need to compare to global peers who would be the alternative investments.

A few analysts have trouble with this. But it has been happening for many decades. It just is.

I often think the best thing for some of the bigger local names like EVN and NST to do would be to merge. They would then enjoy that premium in valuation.

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Totally agree Nord.
I think that should occur across the sector, but I doubt it will happen. Too many happy boards....

NCM Price at posting: $21.62 Sentiment: Hold Disclosure: Not Held
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