I Reckon NGF Is looking the goods at the moment. SP .52C MC 164M...

  1. 814 Posts.
    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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