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beabaggage » Comments » AUREF.PK

  • Junior Gold Producers May Get Boost from M&A Activity [View article]
    Agree, been averaging down my cost into a nice long position in NXG, safe country assets, no debt, good prospects/mgmt/ trading at/below book with great cash flow.
    With the problems in the 3rd world- lack of power/politics/experie... labor/nationalization!, GG and Barick will be on the hunt to add to safe country resources. GFI and others may also be tired of their problems in South Africa, Ghana etc.
    The advantage to majors now even if their stock prices fall is they have little hedging and great cash flow. I am sure NXG shareholders/mgmt would love to get out at 3.50/$4 a share, vs 1.70 now. Mines in CN/AUS, off balance sheet asset in Kemess North w gold/copper just waiting for the right co. to placate the locals on "green" concerns.
    Co has assets(plant/equipment... labor) in place paid for ready for the next mine or for GG or Barrick to move to another CN site etc. So lots of good stuff at 600 or 1200 an ounce.
    Thank you for the Avg Junior mkt cap to resource ounce stat, did not know about that one.
    Aug 24 13:13 pm |Rating: 0 0 |Link to Comment
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