Tuning in on the future.The market will soon begin to understand that Newgold made a very logical move in acquiring the Rainy River Resources Project.
1.How many new gold districts remain to be developed in Canada that are located relatively close to the necessary infastructure....... Answer is VERY FEW.
In the coming year or two I fully expect Newgold to take further steps to position themselves to increase the project mine life from maybe 15 years to maybe 30 plus years.
Now some might say that I am kidding myself thinking that this is possible.
I have researched every player in this district and almost every exploration effort done in the district the last 25 or so years.
I fully believe that Chalice Gold and possibly even King`s Bay Gold may be sitting on viable open pitable properties.
Therefore as a District Rainy River is just beginning to build momentum towards becoming Canada`s most active new gold production district.
Newgold needs to secure it`s position in the district before other majors beginning positionning themselves in the area.
Opportunity does not stand still.
Go Newgold...