NGF norton gold fields limited
Add to My Watchlist 0.00% ! 25.0¢

how much would you pay for this goldie

  1. oppietrader
    5,378 Posts.
    lightbulb Created with Sketch. 2
    clock Created with Sketch.
    30/01/09
    15:39
    Post #: 4744277
    420mln shares @ 9c = $38mln market cap
    $38mln debt (C/Notes)
    248,000 Oz hedged at $875: significantly lower than current spot price but higher than production cost of under $800.
    Target production rate of 150,000 Oz per annum with half of this deliver on spot price and the other half to hedged book. Still a signficant margin of approx. $550/OZ on +70,000 OZ P.A.

    Low risk entry here with significant upsize potential, i bought two parcel today at 9.2c and 9c (200,000 shares in total).

    Good luck.
    NGF Price at posting: 8.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Askari sells Burracoppin Gold Project to Forrestania Resources
right-arrow Created with Sketch.
NEWS Strategic investment secured for QLD and NSW bauxite projects
right-arrow Created with Sketch.
NEWS View the latest ASX market news here
right-arrow Created with Sketch.
FBM Assays confirm strong gold anomalism at Canyon within Miriam Project
right-arrow Created with Sketch.
NEWS Strong soil results define new gold targets at Tole and Dadjan
right-arrow Created with Sketch.
3DA Amaero’s big move: Exclusive deal, big targets, and a lot on the line
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.