beabaggage

Time to Revise Our Gold Expectations

Another stupid analyst with another stupid way to account for the price of a junior mining stock. No honey, it is all based on fear and speculation. NXG should be upgraded, she has obviously not looked at their propects, ever increasing, which are not reflected in the book value NOR their totally written off major copper and gold asset, Kemess North. Once the CN govt starts dealing with many u/e people and Harper gone, the greenies will be silenced and KN will be back on the table, damn the stupid lake they are worried about.
We will see who is around longer, Credit Suisse or Northgate (as a stand alone company or part of some other major gold producer at some point!)

Long NXG and I read the reports and updates, not liek this idiot.
NXG producing 130,000 oz of gold this quarter, that is $100million of gross cash plus some copper offset and lower fuel and supply costs. Plus copper hedges from 6/09 on for Kemess South at north of $2.50 a lb.

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.

High Number of Gold and Silver Mergers Forecasted

Good points, own NXG, CDE. Same could also be said/apply to PAL, SWC that I also own re plat/palladium group metals. Large cap prec metal cos could easily swallow these companies to diversify further into mostly "safe" country places like CN/AUS/USA/MEX.