Post by
Goldnorte on Apr 18, 2024 9:17am
30% upside and a possible takeover target.
At this gold price I see nothing but value in this company, at 3000$ gold easy double. The only problem is that it will likely be taken out before that happens. IMO
Comment by
greendayyyy on Apr 18, 2024 10:45am
NGD's problem is that it has had a difficult past few years, with poor management and problems with the Blackwater project. Today, all that is behind us. Production in 2023 of 423,000 ounces of equivlent and all-in sustaining costs of $1,545 give us a good valuation and a good buying opportunity at this price. We could reach a price of $4 and maybe more this year.