RE: new investor here"I only hope that management is able to meet their production estimates for 2008 (or at least be close)"
Don't we all :)
If you look back through the last 2 years of news releases then it appears that investors have been strung along with respect to schedule estimates for achieving production. But the fact is that 2/3 of the vats are large enough and that leaching is underway on 40Kt of ore with an expected March/April yield. With the opportunity to unload warrants only having days left, this is certainly an exciting time for NGG.
Assuming the company does achieve it's anticipated production levels in the near future then the real kicker to the SP will be Sinivit and Imwauna resource formalization later in the year. As far as the market is concered Sinivit has relatively small life and Imwauna is still relatively unproven. Formalizing the CEO's 5-10 year Sinivit estimate AND the signifigance of the Imwauna resource AND the fact that Imwauna is expected to triple NGGs yearly output to above 100,000 oz will show the market that NGG has significant growth potential. Growth is king.