NMC is scheduled to produce around $20million PA in operating...

NMC is scheduled to produce around $20million PA in operating cashflow for the first full year of production (this is happening now!)

At 6c its only capped at $60million. MarketCap/EBITDA ratio of only 3 times!!!

They have five years of reserves, but I am very confident that this will be extended.

If you want to be exposed to a rising gold price, then this is the one to own IMO. They are hedged at about half production at $630 per ounce. So they are not unhedged, but that hedge position is still looking tasty (for now).

cheers