Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (57776)	8/31/2000 10:19:03 PM
From: goldsheet	Read Replies (2) \| Respond to of 116779

RE: Newmont I don't think anyone will taking them over soon, but I do think their stock is a MUCH better value than it has been a few years. You may recall I think cash flow per share is more important than EPS for gold shares, and they should at least be trading at 10X cash flow. ABX had 1.67CF and it trades near 10X, NEM had 2.54CF and is at $18.50, but should be more like $25 (IMHO) Historically, I have used ABX as a proxy for my AU/XAU trading strategy because I was concerned about downside risk. I think we have seen the bottom (or damn close to it) and I would rather be buying NEM than ABX. I was looking to pick some up under $18, but did not get around to it. Better put it on the top of my list of "things to do" goldsheet.simplenet.com