undervalued gold producer

Hi guys,

Since the big boys are now probably fully valued its worth looking at the smaller end of the producers.

NQM is certainly worht a second look target production is between 70 and 80000 oz per annum.
NQM MCap is around $36M and earnings will be around half the market cap after production cost.

Not bad at all imho.

NQM has 60 % of the gold mine and made a profit of the half year ending of around $6M
Producion costs are around the A$650 and they think they can do better as production is ramping up.

do your own research

jojo