Caiman Valores
Contrarian, long-term horizon, research analyst, value

New Gold: A Value Investment Opportunity Offering Considerable Upside

It has been a tough year for gold miners with the precious yellow metal plummeting in value since the start of 2013 by around 20% to be trading at around $1,300 per ounce at the time of writing. This has applied extreme pressure to the profitability of a number of gold miners as they slash costs so as to remain profitable. But even in this tougher operating environment low cost operators can still remain profitable and many of these low cost operators are now appearing to be oversold. One of these low cost operators is small-cap gold miner New Gold (NYSEMKT:NGD), which at the time of writing appears to be significantly under-valued by the market despite the

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