GREY:NEVDQ - Post by User
Post by
metalslugon Jul 19, 2009 5:53am
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Post# 16148891
The value of NCU
The value of NCU9.3 Blbs copper (current spot price $2.40 per lb)
130 million tons iron (current spot price $85 per ton)
1.45 MOz gold (current spot price $937 per Oz)
55 MOz silver (current spot price $13.4 per Oz)
At current spot prices, the resources translates to 23.8 + 11.8 + 0.79 + 1.45 = 37.8 MOz of gold
If NCU was a pure gold company the gold bugs would be all over it, because it's not everyday they'd find a company operating in one of the best mining places in the world, with an advanced project that currently holds almost 38 MOz worth of gold and with a market cap of around C$40 million.