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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: orkrious who wrote (281075)10/5/2010 5:28:46 PM
From: carranza2Read Replies (2) of 306849
 
Indeed impressive.

Imagine half a million ounces of gold a year paid for by copper and silver revenue in 2-3 years.

If gold is at $2000, that is $1 billion in gold revenue per year. As it has 391 million shares outstanding and, unlike a lot of miners, is not in the business of issuing shares to raise capital, that's slightly more than $25 worth of pre-tax revenue per share referable exclusively to gold.

A share price of $30 is not out of the question in 2-3 years. And if gold goes higher than $2000, then who knows.

This is too good to be true. Something must be wrong with my logic or math. I may well do the unthinkable: sell some gold to buy more NGD.
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