NEM 0.87% $78.79 newmont corporation

Jo,Boddington mine is impressive by all accounts. NEM Current PE...

  1. 2,762 Posts.
    Jo,
    Boddington mine is impressive by all accounts.
    NEM Current PE is around 20. Income to cost is around 5:4. If gold doubles, income to cost then becomes 10:4, so profit in theory would blow out by a factor. Will gold double? I don't know but once it breaks US1000 it could really run. What will they all buy then? Blue chip gold miners. imo.
 
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