Ann: Quarterly Production Report - December 2011 , page-28

re: Ann: Quarterly Production Report - Decemb... Hi Stockanalysist1

Do you really think NGF really has a chance at finding a significant resource?
-not a rhetorical Q I am interested in your opinion.

I am no expert but there is a reason no-one has looked below 100m - it is expensive to get out. So if they are just small deposits like homestead then the cost will cancel the grade.

Sure they have a good mill
But it has been 6years and POG has doubled from when they bought Paddington
And they still have not turned a profit.
Seems to me the mill just pays managements salaries.

Sure the hedge and debt was a chain around NGF necks that is almost gone.

But my guess it is only an AUS$ POG >2000 that can make NGF a good company

Good luck, I was a fan and NGF was 90% or my portfolio at one stage.

I probably wont dip in again until I am confident on POG

Rumot