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Gold/Mining/Energy : Newmont Mining(NEM) & Newmont Gold(NGC) -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (196)	5/23/1999 3:37:00 AM
From: Zardoz	Respond to of 587

"This is the NEM thread." Duh "Morgan Stanley, for example, expects NEM to make $.41 this year which seems consistent with the recent Q report." So then this stock is still a short based on the POG decline? I was talking Earnings per share and not net income per common share as you were. So you're suggesting that they will increase that from $0.40 to $0.41, small increase. You're claim was "NEM to earn $3.00/shr in 2001" I suggested that if copper was to rise to $1.20/lb then gold would have to fall. In other more define words.... if GOLD stays where it is, or rises... NEM should make more then $3.00/share earnings by 2001 {assuming COPPER rises to your level}. BUT that doesn't mean that their net income per share will increase by the same 32% in 2 years. This stock is a poor performer and is latched to gold hard. The PE is over inflated. Nor do I expect copper to rise to that level.