Post by
MaterialsMan on Sep 20, 2024 9:39pm
Big numbers are coming
With the subtantial increase in the price of gold (up 800 since a year ago) NEMs year to year revenue should increase in the vicinity of 35%. And most of it should go to the bottom line.
That's assuming the increases hold. If it goes to 3k, that will ad another 2.5 billion on an annualized basis.
If these numbers hold true, Newmont's SP has a lot more room to run, especially if the at large investment community takes notice.
My price target is 75 to 80 dollars by year end.