NGF norton gold fields limited
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80Koz hedged per quarter. Production over 20K in the quarter is...

  1. mja
    1,367 Posts.
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    03/02/09
    01:16
    Post #: 4753512
    80Koz hedged per quarter. Production over 20K in the quarter is sold at spot. And hedge will not last forever.NGF needs to survive if can negotiate the next 12mths and ramp up production. Should be highly positive cash-flow. Worth a punt at these levels. If it was all cut and dry would not be trading at 12 cents or less.
    NGF Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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