Phantomtrader , you are confusing the POG with the value of this...

Phantomtrader , you are confusing the POG with the value of this company. POG may (eventually) make a resurgence. The question is will NCM survive that long. NCM has a huge Au resource but if the cost (including interest on a mountainous debt) is $1400/oz to extract it what value does that leave witn NCM shares ? If you want to buy gold - go ahead. If you are looking at buying NCM shares , you are buying into a company that has a huge negative cash-flow and a huge debt , and, in spite of everyone who bought in at $30+ (including me) thinking there was some value it is actually posible that this company will fail - more likely be bought out at rock-bottom by one of the big players. Guys, put away your charts which may suggest a SP of $7.77 is a bargain compared to $40 and start focusing on the fundamentals. The market does not give a stuff about charts - charts follow the market.