G'day arbroath/shabandri
Nice upgrade for Homestead!
Mt Pleasant and Homestead will be the key drivers in getting NGF's costs down as a larger proportion of higher grade ore is put through the Paddington mill.
I believe that Norton is a bit of a "sleeper" in the undervalued goldies pack and could "excite" if Aussie gold remains around the $1,400- $1,500 mark for an extended period.
Whilst NGF's debt is a bit of a "millstone", we still have a fair bit of cash and more coming from the coal sale ($15 million over next two years).
Six months to a year out from here, I think NGF will be a force to be reckoned with among the Aussie gold producers.
Regards,
Goggo
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