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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

Bullboard Posts
Comment by papineauon Sep 05, 2018 4:32pm
236 Views
Post# 28568095

RE:re- Delist letter coming in next 30-45 days

RE:re- Delist letter coming in next 30-45 daysAs I have stated before, a source close to me, who worked for many years with one of the majors,
studied the deposit for a potential acquisition.(not sure what year)  He advised them that the grades were just not there in sufficient enough quantities to make a mine feasible.  He then went over the technical report that came out in August and he saw the same lousy data that he saw back then.  

Why these supposed mining experts ( Oliphant, Portesman, Lassonde et al) decided to go ahead and spend over a billion$ on this mine baffles him to,this day.  The sad fact is, they flogged the life out of this mine in the various media and then jump ship with absolutely no consequences.  Unfortunately I didn't perform sufficient due diligence before investing so I have no one to blame for myself.


Bullboard Posts

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