I Reckon NGF Is looking the goods at the moment.
SP .52C
MC 164M
SC 320M
1.9m Res
299 More Tenements in 1000 sq km range.
87% majority owned.
With HSBC 52M
Citicorp 9.1M
ANZ 5M
Bond st Custodians 12.5M
as your major institutional investors.
Currently in production with 60% exposure to open market and
40% hedge at $875au/oz
Just announced production upgrade of 63,020oz in 14 weeks with
a forecast of 150,000oz in yr08.
I think this stock is way undervalued at current sp and worth a look.
Do your own research as I do mine and good luck with your trading.
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