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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 agoldbloomon Jan 31, 2017 4:28pm
298 Views
Post# 25779777

RE:This is a seemingly Amazing risk/reward stock

RE:This is a seemingly Amazing risk/reward stockI have to agree.  The sell off is wildly overdone.....likely robo-trading.  If you read what the analysts are saying - it's added uncertainty however they have a new mine coming on in the fall.  Oh well - defer commercial level production for 3 months.  Additional costs of $100 mill - honestly, this shouldn't be considered much of an issue when management has so many levers to pull that would raise that money and more.  I'm anticipating a 50% retracement from recent highs and then it's up to the POG.  The way things look on the markets with trumptator at the helm - there will be more stupid moves that will unsettle the markets and support the price of gold for a further run.
Bullboard Posts