Replies to post #178414 on Zeev's Turnips Patch-No Politics (ZEEV)

[From the East Bay]

NEM's value. The chairman of NEM (Lassonde) posted on Friday that with gold priced at $400, he considered the price of $50 per share to be "fair" and said that, without a substantial increase in the price of gold, NEM's per share price would cycle around $50, plus or minus $2. He added that the gold market is just beginning a long bull run. "This is chapter two of a 20-chapter book." All I'm holding is 300 shares. No idea where gold will finish the year.

[Bullwinkle]

I see what you are saying, but not sure I am in total agreement. Based on your hypothesis, let's say gold were to fall to $200 an Oz., MYNG would still be profitable and NEM would be breakeven... Anyway, Thanks for your reply...