looks interesting, page-15

I see one group rating NGF as the cheapest gold producer per oz of reserve at the moment. Hedging at $875 if I remember correctly. I get the impression they are not in this for the short term, but are building a seriously effective company. Yes, this quarter was not pretty, but it could have been a lot worse. BMM adds heaps of upside, some certain, some blue sky. Coal should also surprise to the upside. Maybe we will head back to the high teens sp wise, but this would appear to be madness. I'm holding... and if I can... turning away for a few months! I think gold hasn't bottomed yet, and until it shoots back up all the goldies will be in trouble... some even fold. But the market sentiment is so so tough at the moment... maybe what will rescue NGF in the short term is some more positive coal announcements.