RE: RE: Here's for a BIG 2009 for NGGRetiring Young : Check out the NGG website,
https://www.newguineagold.ca/projects/projects.html lots of information for your consideration.
NGG is currently mining and developing Sinivit, with an inceasing production strategy (currently adding more leech vats) - some think will reach 7,000 oz per month, more than likely they will attain their 3000 oz target -
anything above that will be a nice suprise to the market - and will guarantee a nice pop to share price.
NGG is planning on utilizingthe profits from Sinivit to develop Imwana to a producing mine.
"An Inferred Resource of 1,800,000t at 12.2 g/t gold and 20.0 g/t silver has been estimated for the
Imwauna Prospect."https://www.newguineagold.ca/projects/normanby/reports/Normanby-ImwaunaNI43_101%2010Jul08.pdf
With the recent surge in Gold prices, NGG as a low cost, small cap producer will continue to attract attention. Among the multitude of small cap gold companies, not too many are actually producing gold. If Gold prices continue to surge, NGG should multiply nicely - not sure of Jay's "10 bagger" target, but for this shareholder, that is "interesting" to hear.
Scroll down through this board, lots of good info available.
I have found this board members to be very helpful, and straight talkers.