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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

Consumer Cyclical Metals & Mining Home Furnishings & Fixtures Gold
New Gold Inc. is a Canada-based intermediate gold mining company, which is engaged in the development and operation of mineral properties. The assets of the Company, directly or through its subsidiaries, are comprised of the Rainy River Mine in Canada (Rainy River), the New Afton Mine in Canada (New Afton), and the Cerro San Pedro Mine in Mexico (for reclamation) (Cerro San Pedro). The Company also holds approximately a 5% equity stake in Artemis Gold Inc., and other Canadian-focused investments. The Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 50 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada. The Cerro San Pedro Mine is located approximately 20 km northeast of San Luis Potosi, Cerro San Pedro, Mexico.


TSX:NGD - Post by User

New Gold Inc
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Comment by BagOfGoldon Nov 22, 2009 1:05pm
353 Views
Post# 16512009

RE: RE: RE: RE: pay off

RE: RE: RE: RE: pay offOne question though...So...you think that your cash dollars will go further than physical gold? If I were to cash in my gold mining stocks for the length of time you are going to sit in cash (mid 2010?)...I would be inclined to think that PHYSICAL gold is better place to park my money...rather than sitting in cash...which will be worth a lot less...in the event of a melt down in currencies...including Canadian dollars...don't you think? Isn't this the argument for acquiring gold stocks & physical gold to begin with? If you have $10,000 Canadian dollars...how much do you think it will be worth mid 2010...more? I don't think so...tell me why you are right...& cash is king!

Thanks a bunch;

Bag Of Gold

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