With gold around US$1600 NCM are now trading at a price they traded at during the irrational GFC panic of 2008 when gold was US$700 - US$800.
This is a nonsense imo, as NCM are now unhedged, making record profits and are now also on a course to increase dividends to shareholders.
With interest rates in the USA and Europe etc. remaining near zero and plenty of paper printing going on, which is exceptionally bullish for gold, in my opinion NCM should prove to be great medium term buying around current prices.
(And of course I'm not suggesting we have seen THE low in NCM in this correction. I'm simply taking a medium term view on what I believe is currently an emotive and irrational market pricing of NCM shares.)
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