RE: Does Bob McNeil have the timeHi Stocky - nice to see you too :)
NGG is a bargain right now - the reason being predominantly is due to repeatedly missed commissioning dates and production at a time when the stock market is in crisis mode (look back at their news releases from a couple of years ago to now).
Facts are:
* the company is very close (relatively speaking) to commercial production levels on it's initial mine and will be looking to 2,500 Oz or so in the first quarter followed by 3,000 Q2.
* cash flow positive this quarter
* the CEO is looking to expand the resources on the first mine to 1M Oz
* they are one of the lowest cost producers coming in around the $200 mark per Oz
* their second mine is anticipated to have a resource of 3-4M Oz within a couple of years
* their book value right now is north of 0.70
* cash is low so continued slippage is a risk - current burn is over 500K per month
regards,
Grumpy