NCM traded from approx $16 to $39 within 12 months after GFC #1 - I expect a similar percentage gain over the next 6 to 12 months , with gold moving into a $2200 to $2500 range. Analysts such as Pierre Lassionde are even talking about $10500 gold - refer http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/30_Pierre_Lassonde_-_Gold_Correction_Over,_Expect_$10,500_Gold.html
Furthermore at $34 NCM would look mighty sweet to a takeover from a Newmont or Barrick , NCM has a gold resource of approx 150m ounces and 20m ounces of copper. Plus huge resource upside with 50% ownership of Wafi Golpu. Direct investment from private equity also possible - refer http://www.timesofoman.com/innercat.asp?detail=50351
NCM Price at posting:
$33.56 Sentiment: LT Buy Disclosure: Held
