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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

Consumer Cyclical Metals & Mining Home Furnishings & Fixtures Gold
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

New Gold Inc
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Comment by Original_Brailaon Dec 23, 2009 10:25am
393 Views
Post# 16613714

RE: RE: RE: RE: long NGD - Original's Sin

RE: RE: RE: RE: long NGD - Original's Sin

Hi,

The medium tier world is quite small.

So chatting about the peers to my holdings is noting strange to me. It is all about relative value and my opinion vs other people that motivate in reasonble way as you do...

OGC is getting rid of its 203.000 hedges during 2010.

NewGold has chosen not to get rid of theirs any time soon. About 330.000 onces at 801 usd is not good and they will live with  it for a long time. If I remember correctly the stated policy was to deliver 5k a month.

OGC is punished for their hedges when you look at the valuation, NGD is not. That is one of my main points.

I do not own Semafo, but I think they  are better value than NGD. Jurisdiction West Africa is an increasing problem. Mexico doesn´t seem really bad, but New Gold and Minefinders both prove that it is alot worse than NZ. Again, not in the price.

Well, if you find anything wrong with my numbers or my logic people will probably take you seriously. 

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