Post by
MaterialsMan on Oct 19, 2024 11:12am
Leverage
NEM is up over 100% in the last 8 months.
Gold is up around 30% over the same time period.
And, that's before the increases in the price of gold get factored into the revenue structure.
NEM is up 3X the price of gold. That's leverage. Many pundits are saying that the SPs of producers are not keeping up. I'd say they are mistaken.
If gold continues its journey to 3K, which I believe could happen before the end of the year, NEM could become a hundred million dollar company in short order.
I should probably temper my enthusiasm, but IMO the ducks are finally all in a row.
Comment by
MaterialsMan on Oct 19, 2024 9:00pm
That 100 million should have read 100 bllion.