Newmont corporation is the largest gold miner in the world, operating since 1921.
Per one of their presentations, 5 year cumulative cash flow at $1,800/oz is $17B or $3.4B/year, for a company currently valued at $49B.
Newmont is currently 40% higher than the beginning of the year and has staged an impressive rise since the lows of March 13.
If $NEM can clear $63 and fill the gap of May end, road to $70s is clean. Keep an eye on this one.
Per one of their presentations, 5 year cumulative cash flow at $1,800/oz is $17B or $3.4B/year, for a company currently valued at $49B.
Newmont is currently 40% higher than the beginning of the year and has staged an impressive rise since the lows of March 13.
If $NEM can clear $63 and fill the gap of May end, road to $70s is clean. Keep an eye on this one.