NCM has a market cap of just over $8bn, 92m ounces of gold and will produce around 1.8m ounces of gold and 100,000 tonnes of copper for the next 20 years+.
Rumours of problems at Telfer will as always prove temporary and minor and will not affect NCM's status as the best and most attractive gold producer globally.
This current opportunity to buy NCM at $24 is terrific. NCM is the ONLY large gold producer globally that has and continues to organically grow its reserves and resources at a faster rate than its production.
NCM will surge to much higher levels very soon as gold continues to rise throughout 2007.
$8bn/92m oz is a very low $87/oz of gold and this should see it on the radar of the likes of NEM and ABX
NCM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
