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Gold/Mining/Energy : NORTHGATE EXPL (NGX.TO)

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To: NYBob1 who wrote (149)	11/1/2007 3:21:17 PM
From: NYBob1	Read Replies (2) of 158

NXG may boost production to 430.000 oz/year - at a cash cost of just $184/oz. Annual cash flows will be about $250 million/year and will increase when Davidson adds 175,000 oz/year in 2010. No debt and still over $140 million in cash, after this acquisition. Annual cash flow will be about $0.90 per share in 2008, implying a fair value of about $9 per share at a conservative 10 times cash flow. RE: history going to repeat itself - Northgate at $18 in 1971 - would be about $180 at todays value - its a strategic bargain today - its a long bull hike back UP - if history do repeat itself - and some investors feels today that its - Worth investing for...... Too bad this truly Native Canadian Kid has to take a fair chunk of it's considerable cash... along with the potential employment riding with that cash, driven out of the country.. Such is the risk of a meddlesome bolshewitchticz bureaucracyz with too much time and taxpayer fiatz-money in it's hands only think about their own goldenz pensionz umbrellaz, zzzsleeping at their duties? - or carrying the heads under the arms? and are braindeadz? IMO. Onward to Australia we GO, mates! NXG Management Presentation - northgateminerals.com Imo. Tia. God Bless

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