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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

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

Bullboard Posts
Comment by gwron Mar 21, 2018 5:59pm
227 Views
Post# 27757074

RE:RE:RE:Rainy river

RE:RE:RE:Rainy river I don't buy your explanantion on experience at all as Rainy River has well trained professional mining engineers and geo types responsible for ensuring the right muck reaches the mill, this is not to say that early on in a new operation that some extra waste may not get processed due to a possible host of possibilities, but none I am aware of or that have been reported on at Rainy River.  Remember that there were lots of changes at Rainy as a result of operational and build issues and these take time to have changes implimented.  Also remember that New Gold has had significnat cost overruns at Rainy River and the market these days has little to no patience for this ergo New Gold is a show me story now, I also note the short position is basically at the lowest level since June 2010.  I expect Rainy River to be a significant driver of share valuation going forward but am giving them time even if I don't like what the market has done to share price.  When show me stories shift they can catchup lost value fast, wish I knew when this would be.

The market wants to see New Gold turn in stellar financials to turn this stoiry back higher and I expect you will see this based on forecasts from the company and changed managment.  For all I know it probably is already happening!!!!
Bullboard Posts