beabaggage

Base Metals Now Dragging Down Gold and Silver Companies

NXG is a gold company, not a copper company. They have hedges on the copper remaining in their Kemess South mine to a degree. They may? have hedged more? who knows, see what earnings report says on 11/4 from mgmt. Once the KS mine is done, co. is a pure gold play. Should Kemess North ever come back from the Indian Graveyard! copper may be a factor again, there is a vast copper resource in KN. GOLD folks has held up at $850, down less than 15% compared to other commodities. With this management's savy, NXG is a very cheap option on gold in my opinion with upside to 3-5$, not $1.50 CN. At 96 cents, I am very long and adding all the time with my Canroy Dividends every month. Once things settle out, GFI, Barrick or someone will snatch them up for sure.