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Gold/Mining/Energy : NORTHGATE EXPL (NGX.TO) -- Ignore unavailable to you. Want to Upgrade?

To: peter snowdon who wrote (41)	6/7/2002 10:20:05 PM
From: loantech	Respond to of 158

Peter, That would be great and much appreciated. Tom

To: peter snowdon who wrote (41)	6/10/2002 11:55:03 PM
From: Elizabeth Andrews	Read Replies (2) \| Respond to of 158

I think you may be trying to micro manage this and I don't believe that will bear a lot of fruit, that is, the kind of fruit that bears profits. The recent financing recognizes that being on the wrong side of a rising commodity market is not good but it also confirms that the company's longer term position is rather strong. Evidence is, they got the financing required to partially correct the offside position. The thing to think about going forward is how does management increase the NSR of the product? If they are as good as the market is telling me then they will find a way to make this a long term success and increase the value of this business. We'll see. But from a micro point of view, is the current correction over and is it time to buy some? It is, let's not forget, a 15 million ounce gold equivalent deposit that could get a lot bigger in a rising gold market.