Massive NZDUSD Upside, page-25

It's not just the failure of unprofitable and impractical companies but the economic behaviour after the monetary easing... Debt funded buybacks, easy to obtain capital, low-brow investors seeking returns on the markets, central banks holding all manner of junk.

Just a look at some of the junk floating around on the NZX is testament to where we're at - just imagine how much garbage there is on the infinitely larger markets out there.

NTL could be an interesting company not just for the fact that it will be producing gold/silver as revenue, but it will be the only pure NZD gold producer listed on the NZX (or perhaps anywhere?). The ASX listing makes it ever-sweeter because ASX stocks are much, much more accessible to international investors.

So NTL not only becomes a fundamentally sound investment due to the profitability but also as a hedge against NZD devaluation and USD strength. It's like a bearish forex play on the NZD at the same time as the company is producing revenue all the same