The mistake people make is to look at the Gold price only instead of considering Gold as a commodity.
There are gold companies expanding at a rate of 25% per year with low costs. These can be compared with "ordinary" companies doing the same.
Even if gold falls to $375 it doesn't really hurt them as we are talking about total costs of <$US100.
And yes, if the Telfer project will operate well, it will be the prime stock. I have studied gold stocks from most continents but NCM offers the best value IMHO.
(I can't complain about my Canadians though).
Contrary to many Australian stocks, NCM will have low costs because of Telfer.
A mistake people make is to invest in a "steady" gold stock with little growth relying on the gold price only. Or the major stocks which seem to encounter problems most of the time.
Let us set the spectre of the gold price adrift and concentrate on Gold as a commodity!
Gerry
NCM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
