The fundamental problem is the Market does not believe NCM has a very good record at meeting their production guidance and hence the actual volume of gold/copper sold is less than expected.
Tied with Gold sitting trend wise at a cross roads it is a bet each way at the moment.
Long term I think it is a good investment at these levels but I think it is wise to wait confirmation of a trend change unless you are looking for a short term bounce.
I can see a FOMO rally when it comes but I don't think many are shorting this stock.
NCM Price at posting:
$25.57 Sentiment: None Disclosure: Not Held
