nihilism your quote"Also, on NCM..I'd always be wary of mining...

  1. 2,854 Posts.
    nihilism your quote
    "Also, on NCM..
    I'd always be wary of mining stocks with super high PE's.
    NCM when it was above $20 was around 25-28 PE.
    It is currently at around 16PE at $15.
    I'd say its coming into fair value soon. 16 still suggests growth while the gold price suggests its profits will fall.. PE 12 would probably be coming into value... or around $11-12.. big call I kno"

    I think i can agree with most of that.Silly me i bought off a double bottom yesterday, was aware of the POGstory, so such is life, my bad LOL
 
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