support for 21.50, page-70

MTL

I am interested by your assessment that NCM will go to three figure over time (within 2-3 years). I am holding NCM and KCN plus a few junior explorers, so I would love a five-fold increase in my portfolio. But I have been a bit rattled by the predictions that the secular gold bull is over.

What is your thesis for NCM - is it based on the POG continuing upwards (short-term, long-term, forever?) or on company specific factors (volume, better practices, etc)?

Most commentators have things headed the other direction so I would like to understand the alternative point of view before I make any big decisions.

By the way, I am an investor rather than a trader so the long view is what i need to figure out.

Cheers

C