SG I'll think some more on this over the next few days , but do you think for the miners we need to reduce production estimates by say 10 - 15% each year going forward to mitigate risk?
Although one could argue that the spot gold price will increase 10% each year going forward( conservatibe estimate ) due to likely reduced supply plus western CB inflationary maneuvers / Asian demand increasing etc etc.
I still would think that anyway you slice it NCM remains hugely undervalued at current levels but interested on how you read this for the medium to longer term...
NCM Price at posting:
$31.82 Sentiment: Buy Disclosure: Held
