NGF CEO always talks about increasing production. The only way they can do this is via aquisition or JV. This is telling me they are either going to execute their right to mine agreement with Pheonix Gold Ltd or actually buy them out via a takeover. There current mill feed is not increasing to the extent where it can double its production in 3 to 5 years. If they takeover PXG that will gurantee an additional 150K ounces plus a year from the Castle Hill 1 at satellite projects. How else will they double production?
NGF Price at posting:
14.0¢ Sentiment: None Disclosure: Not Held
