New Gold Inc T.NGD

Alternate Symbol(s): NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 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.

TSX:NGD - Post by User

New Gold Inc

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Post by papineauon Dec 14, 2017 1:50pm

109 Views

Post# 27157914

This is what we DO know

They processed 290,000 tonnes and received 500 ounces, about 15,000 gms +. So the average grade is 0.053 g/t. Nobody makes money at those grades. They better make sure they have lots of nuggets dispersed in the ore they are processing.

Tell me where I'm wrong in what I have posted above.

Quick survey : How many of us are under water @ these prices?

ME

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