It is up to the foresight of the PNG government. Would they end up like Nauru(once rich in phosphate) when the gold is exhausted?! At the mean time China would love to by gold produced by Newmont/Newcrest at a suppressed price by a superpower who is the king of fiat. It is too late anyway, it seems like over 55% of NCM shares are held by the American investors. See last line.
NCM Price at posting:
$24.75 Sentiment: Buy Disclosure: Not Held
