A picture doesn’t always tell the whole story, this chart makes NST and NCM look very similar yet year-to-date NCM has rallied +31% while NST has only gained +6%. At this stage our patience feels vindicated but we will eventually switch out of NCM to avoid holding ‘annoying’ CDI’s which will be listed in Australia.
- We are considering switching from NCM to NST but the spread continues to edge in our favour.
MM is looking for alternative gold exposure for our NCM position
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Newcrest Mining (NCM) v Northern Star Resources (NST)
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Newcrest Mining (NCM) v Northern Star Resources (NST)
