Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: marcos who wrote (8218)	6/9/2020 1:39:16 PM
From: Logain Ablar	Read Replies (1) of 8273

Hi Marcos: This will be a good deal for both. NGD needs the cash and to focus / execute on current operations. They would never have the capital to move the project forward. Blackwater was the $1.8B capital project where it was decided to do Rainy River as it was less capital, Now RR is half the gold production from the original feasibility study. Here is a link the the Blackwater feasibility study. newgold.com Artemis will need to find the funding. With gold at $1,700 and if silver can move to $20+ this project should find funding (famous last words). NGD paid (with stock) 680M Canadian for Blackwater (Richfield & Silver Quest) plus did all the drilling / permits (probably add 30M more). BW has 8.2M oz of gold, 60.8M silver (initial production 1st 9 years just under 500k oz / yr. newgold.com

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