Newmont Goldcorp Corp (NGT)

[Harleyman]

https://seekingalpha.com/article/4074612-trapeze-asset-management-q1-2017-letter-equilibrium?ifp=0&app=1

Goldcorp, also a senior gold producer, has all-in costs of production below $750 per ounce, likely the lowest amongst the majors. It also trades below our $24 estimate of its FMV and should benefit from internal growth over the next few years. The company was penalized because it suffered near-term production declines which we expect to reverse over the next few years. Meanwhile, the company is focused on growing its asset value per share from mine site and corporate efficiencies along with reserve additions.