It's clear what is happening to gold mining scrip: it is being considered by gold bugs for what it actually is - paper.
Hence NCM ain't going nowhere; unlike POG.
Funny, the ultimate paper hater loves scrip, but can't understand why world gold bugs don't.
Don't buy paper; buy the real thing is what people are thinking. That is: why buy paper scrip in a gold company, when you can just buy gold - if that is what you are interested in.