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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 wellwellwellon Dec 24, 2019 3:25pm
108 Views
Post# 30488692

RE:RE:RE:RE:I'm waiting for the take over news here with t.NGD!!

RE:RE:RE:RE:I'm waiting for the take over news here with t.NGD!!

 


1) The compny  states within their website in the "Overview" and regarding New Afton Mine and it's Dec 2018 reserves and resources report
https://www.newgold.com/assets/new-afton/default.aspx#reports   this:

Reserves1:

Gold

1.1 million ounces

 

Silver

3.5 million ounces

 

Copper

941 million pounds

1  Proven and Probable Mineral Reserves as of December 31, 2018

2) But dig a little deeper, cuz you have to since they 'disguise/confute' the reality of the pathetic number given in the Overview as “Proven and Probable”; and go to Mineral Reserves here, ie dig a little deeper than just the "Overview", go to the second Table, not the first which is a deceptive 'Summary':
https://www.newgold.com/investors/financial-information/reserves-and-resources/default.aspx

L
ook down table to New Afton, and see  NO PROVEN ORE...only probable, and probable folks is NOT ORE. 

 

I guess it would not look too good to make it plain right up front that they have no proven ore at New Afton, so, euphemistically deceptively, they lump the two together, i.e., zero proven + many tons of only probable to equal “Proven and Probable” = nonsense, cuz IT'S ALL JUST “PROBABLE”...so they disguise the lack of any proven ore by hiding that in a number that represents in actuallity only probable reserves, without any contribution whatsoever by proven. That is a deliberate deception folks.

Clown, you say of me... ever heard of IMET, the Integrated Market Enforcement team of the RCMP? I worked on mining scam cases with them and have appeared as an expert witness for the prosecution in both civil and criminal successful proceedings in BC and/or Alberta. Whose the clown now 'gwr'? Do you work for NG promo dept or are you just a big bag holder suffering huge losses since the steady decline of the past two years? Why not put on big boy pants and cut your losses; nothing you say against me will change the fact that NG obfuscates the reality of it's situation at New Afton, when in fact they should be doing the opposite by plainly and straight up informing their shareholders and the Investing Public that they have NO ORE at New Afton, been running on fumes and without a miracle will be shutting down or selling out cheap to whomever is willing to buy an exhausted copper mine just before a recession... what's your real Name? Bozo?


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