The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Peter V who wrote (159732)	10/24/2008 10:28:54 AM
From: Tommaso	of 306849

NGD has about $1.91 per share in current assets. The "quick ratio" (current assets divided by current liabilities) is 5. That's huge. It looks to be an extremely well-capitalized company. Yes. They lost 5 cents last quarter. That's not bad for a rapidly-developing miner, as far as I know. Thanks for your questions, which were certainly warranted. As I said about COS.UN the other day, either this is a good buy or I am insane. Either conclusion is equally possible.

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