The chatter is strong re gold likely to hit its inflation adjusted high ( $2200 - $2400 )near term. This is from general market analysts not necessarily the well known gold advocates.
Pretty quickly more and more market players will adjust their thinking to these new price levels. Does this help NCM today? Who knows.
But a cash margin of $1150 to $1250 this current quarter rising to between $1700 and $1900 throughout Q4 would certainly give NCM the ability to make further special dividend payments and or undertake a significant share buyback.
I think by the middle of September the majority of the so called analysts who have recently downgraded their NCM outlook will be changing their tune....
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