goldielocks

3 Comments

    • ON: Thu Jan 24th 17:28 PM
      Commented on:
      Gold Bull Market Moves Up to Phase Three
      Check out BULM verry underpriced for a comp. that sees royalties from Newmont. This stock is priced like an exploration company but has profits from properties that have hit paydirt plus fantastic upside on future exploration.
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    • ON: Sun Oct 28th 16:21 PM
      Commented on:
      Newmont Mining Trading as if Gold at $538 Per Ounce, Not $700 (NEM)
      Sunday, May 07, 2006
      Newmont Mining Report by Ron S Miller
      Lately, Newmont Mining(NEM) has been lagging the price of gold. NEM shareholders expect NEM to outperform the metal. Here is some basic information regarding NEM.
      NEM Projections 2006 (millions) :
      Consolidated ounces of Gold: 7.7-7.9
      Equity ounces of Gold: 6.1-6.25
      Average Cost: 280-295
      Consolidated ounces of Copper: 470-475 pounds
      Equity ounces of Copper: 250-255 pounds
      Average Cost: .64
      Yanacocha( Peru):
      Consolidated Ounces of Gold: 2.585-2.620
      Equity ounces of Gold: 1.330-1.345
      Average Cost: 185-195
      Newmont shows a total of 1,850,000 ounces of gold under Price Capped Contracts in a chart entitled Gold Derivative Position. Most of this is for 2008-2009. I'll try to get more details as I'm pulling this info off a chart on the NEM website. NEM is against hedging, but could be stuck with hedges from the Normandy buyout. Overall, this is a small percentage of reserves.
      While NEM has a 100% ownership in some mines, in others, NEM owns a percentage. NEM owns 51% of the Yanacocha mine. Last quarter, this mine contributed 28.7% of NEM's gold. For the year, Yanacocha is expected to provide 21.8% of NEM's gold. Yanacocha is expecting to spend major money on exploration in Peru, in the 1.5-2 billion range. It is doubtful that Peru will nationalize mines. All that mining investment money would leave. NEM President Pierre Lassonde has warned Peru about the importance of keeping a good investment environment.
      Copper has been increasing faster than gold. Last quarter, copper contributed 12% of NEM's revenue. Copper sells for about $3.50 per pound. NEM expects to mine over 250 million pounds of copper at .64 per pound.
      NEM has a portfolio of royalties, investments in oil, as well as, a huge amount of land that is being explored. NEM is a solid gold share investment. It is not the same as owning gold or GLD.
      NEM comes with more risk than gold, but with even greater potential.
      posted by ron s miller at 2:22
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    • ON: Sat Oct 27th 01:28 AM
      Commented on:
      Newmont Mining Trading as if Gold at $538 Per Ounce, Not $700 (NEM)
      The management of Bullion Monarch could have the best kept seceret around. Watch what happens when their stock is released and thank your dad for being smater than you.
      View article »
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