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Northgate has a negative cash cost to mine its gold courtesy of copper extracted. When Young Davidson comes on line it will have 4 productive mines and about 15+ years of mining life. (And mines have a way of extending their lives). The company also has a nice cash reserve and is in safe locations politically (Canada and Australia). The only thing not to like is their copper is hedged 2nd half of 2009 thru 1st half 2010 @ $2.50 a lb.
Pursuant to ur article, what do u think of Northgate Minerals. I am getting frustrated as a long time holder. I profitably transferred some money out my position into Aurizon a while back. I now understand a little of the reason for the present price disparity but don't know whether AZK is over valued or NXG is undervalued?
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