https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aNFR-2055235&symbol=NFR®ion=C 2013-04-01 17:35 ET - In the News
Jay Taylor, in the March 15, 2013, edition of Gold, Energy & Tech Stocks, says buy Northern Freegold Resources Ltd., recently six cents. Mr. Taylor said buy on June 20, 2012, at 13.5 cents. A $1,000 investment at 13.5 cents is now worth $444. Northern Freegold has released its dream sheet (formally preliminary economic assessment) for the Nucleus and Revenue deposits, Freegold Mountain project, Yukon. The PEA shows a pretax net present value of $614.8-million (after tax $357.8-million) and a mine life of 11 years. It forecasts an annual production of 150,000 gold ounces, 355,000 silver ounces, 7.3 million pounds of copper and 4.2 million pounds of molybdenum. It also calculates a cash cost of only $399 an ounce of gold. Both Nucleus and Revenue remain open along width and at depth. Between the two deposits, there is a three-kilometre zone where the company has identified 12 geophysical anomalies. Mr. Taylor says the short-term outlook for gold is bearish, and this is why the stock did not climb on the PEA. In the long run, however, the gold bull market will resume because monetary systems must return to the gold standard of value. The editor says Northern Freegold will likely survive until then.