Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: ogi who wrote (5099)	1/21/2006 4:38:33 PM
From: John Dally	Read Replies (1) of 78431

Hi Ogi, I think there are two issues with NGX. The first is that their Kemess South mine is running out of ore. The current data on their web site indicates that they've got roughly 5 years left. They plan to move on to Kemess North, but it's ore grade is about half the grade of Kemess South. Click on "Reserves:" northgateminerals.com The second issue is that NGX is roughly a 50/50 gold/copper producer and investors don't seem to want to give it the earnings multiple that they give to pure gold producers. DPM and EPM are some other examples that I can think of, which are gold/copper companies with low valuation multiples. Best regards, John.

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