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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

Comment by Goldnorteon Aug 20, 2024 6:31am
180 Views
Post# 36187298

RE:RE:Many suitors for this undervalued gold and copper company.

RE:RE:Many suitors for this undervalued gold and copper company.Yes, many companies would prefer growing organically, but today in Canada it takes more than a dozen years to activate a new project, 16 years in fact.  Mark Bristow at his age would not even be able to see a new project through let alone reep its rewards.  With the high price of gold and the 3000$ an ounce forecast most companies that have the financial power to do so will be looking at aquiring a already developped mine.  Companies like this one will be sold at a premium  ie: Osisko.  IMO.
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