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Newmont Mining Corporation Message Board

  • Mennedlog Mennedlog Mar 12, 2000 11:46 PM Flag

    SONY ... "ask"-only ... down limit ...

    ... in Asia ... !!!

    I wonder if this new version of the ...
    ... "Asian Flu" ... is contagious ... ???

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    • partially due to their concerns about US market.
      Friday's DOW/S&P/NSDQ technically terrible, especially
      many believe Tech correction is imminent/overdue
      I won't call it "Asian Flu"; however Taiwan has its
      own "problem" - presidential election.

      like to see if NSDQ "reversal after 10 % drop" will
      show up again this time.

      Gold has its own mind,
      as we all know. Last Thursday Gold and general
      market all UP; last Friday they all down. So I won't
      read that to much.



    • From another board by a

      Following notice in a Barron's article over the weekend
      that HGMCY has a low valuation to revenues ratio of
      less than one. ($600mil revs / $570mil valuation), I
      have publically encouraged anybody to show me
      something better. Before CDE is pulled out of the bag with
      its .9 valuation to revenues, let me broaden the
      equation as it should be to include DEBT of which CDE has
      plenty relative to its capitalization....after all
      valuation (what the company can be bought for) would
      include its debt.

      HGMCY'S calculation under this
      perameter is pretty easy since they have very little debt,
      so rather than .9 VAL/REVS we have something maybe
      as high as 1.1 VAL/REV (inclusive of Debt). NEM (a 5
      billion dollar company with its debt) is at 3.4 and CDE
      with nearly three times debt to quity, interestingly,
      is at a very similar number to NEMs of 3.3::1
      Valuation to Revenues ratione.

      Stillwater is near 8
      times valuation to Revenues assuming this quarter's
      increased revenues due to the PD explosion. Their
      number has a built in expectation for the doubling of
      production in future years.

      Sure there may be a
      value to being a North American located big name miner,
      but under GORE that will change.



      Asiian markets taking it on the chin

37.17-0.52(-1.38%)Jun 28 4:02 PMEDT