While I don't disagree we are undervalued, l think we need to account for increased mining costs and operational expenses rather than simply based on POG when calculating the implied value. I am not sure if l will be happy to hold Newmont shares after going through the merge of Saracens with Northern Star recently, l am giving it a lot of thought.
NCM Price at posting:
$29.40 Sentiment: Hold Disclosure: Held
