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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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Post by greener12345on Sep 27, 2010 2:45pm
498 Views
Post# 17497481

canaccord today

canaccord today

New Gold (NGD : TSX | NGD : AMEX | BUY): Site visit highlights good progress at New

Afton; Target increased to $8.50 from $7.75

The positive progress on development at the New Afton project has led us to improve

our corporate NAV estimate by 9% by lowering our ascribed discount rate on New Afton

to 7.5% from 10% and revising our capex, production, and recovery assumptions. We

maintain our BUY rating based on relative valuation, re-rating potential (on resolution of

CSP permitting issues), expected stronger H2/10 operating performance at CSP and Peak

Mines, and expected year-end reserve increases (particularly at Mesquite).

Bullboard Posts
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