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New Gold Inc T.NGD

Alternate Symbol(s):  NGD

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

Bullboard Posts
Comment by billioncubicfton Jul 24, 2011 12:06pm
325 Views
Post# 18866283

RE: $2500 Gold

RE: $2500 GoldBlimey,

I was not talking about b warrants.  Was that a reply to someone else ?

As far as $18 stock price. . . once they have their new mine producing and gold is $2500  the only way New Gold is not $18 is that the stock market has crashed ala 2008.   If that happens, the world will wake up one day to $5000 gold and the share prices of all gold producers will be trading at several multiples of where they are now. 

Please don't chastise me about exact price predictions... of course it is guessing game ... all that even the best analysts do is make their best "educated guess" based upon their research.   Any research of New Gold will immediately notice their management team and their bulk tonnage mine which will be very responsive to a pop in the gold price.

glta

Bullboard Posts