If you believe the gold price is heading to $2000 later this year then NCM and friends are the buys of the century.
All the talk re nationalism/protection/mining taxes/roaylties etc works both ways - all of these issues will act as a handbrake on investment ergo production will plateau/ fall - lower supply will be a big factor leading to higher spot prices going forward.
In fact NCM ( and many others ) at these levels has to be a prime takeover target.....
NCM Price at posting:
$29.59 Sentiment: Buy Disclosure: Held
