I cant work out quite how the market values gold companies ....... considering the earnings both NCM and LHG look way overpriced to me .
But if you were going to buy one LHG could be the one right now .
The chart looks good , in the right market ( which seems right now ) it looks like it wouldn't take much to push it up to $1.50 + ......quite an open share registry with some big chunks probably able to be knocked off .
The market cap as relates to resources is about half that of NCM ( $33 per Oz c/w $74 per Oz ) .
Heaps of liquidity in the derivatives for thrill seekers who like a leveraged play .
LHG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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