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 : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (1127)	12/7/2003 1:24:10 AM
From: Wade	Read Replies (1) \| Respond to of 48092

kitcomm.com After I read the above article from Barrons' I have to write my opinion. I found that Barron's used the trailing 12 month earning, which included a big write off of (hedging ?) position in Q4 of 2002. I used last 9-month earning, 0.78 share, to calculate the annual earning which is 1.04 at $357 POG. If the cost remain constant, the forward 12-month earning would be $1.83 at $400 POG. Therefore, the current $50/share for NEM is based on P/E of 27.3, which is in-line with SP-500. I have no problem with the current stock price at this early bull run. If most analysts think POG will be sub-400 next year, we can all wrap up and forget about gold stocks from this point. But, I think they are out of their minds. Wade