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.

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New Gold Inc

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Comment by vectorcanon Jun 26, 2019 6:10pm

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Post# 29867281

RE:RE:RE:RE:RE:The conservative estimate on Blackwater is 1.2B

Not an opinion, it's what many well-connected people have speculated on since Renaud Adams was brought in. NGD's debt maturities are out, but onerous. Onerous enough that many instos hedge funds would not even consider investing at currnet debt ratio.

Hell yeah, Adams would give up BW in a heartbeat especially if -- as I expect -- Chirekos gets the right price. And, without a doubt reducing the debt will add more value to NGD share price than undeveloped reserves.

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