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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (229467)	11/19/2009 12:37:15 PM
From: patron_anejo_por_favor	Read Replies (4) \| Respond to of 306849

Well the ruling COULD still be appealable. They still claim it is. To whom I sure don't know, I have enough trouble understanding US law, much less Mexico. Again, we don't know what their lawyers are feeding them, which seems to be at the heart of problem. At these prices, whether management screwed the pooch or not is sort of irrelevant, because CSP got priced out of the stock. I doubt they'll have the same problems with their other properties. Generally I'd value their holdings (currently) in New Afton at 70 cents (and increasing continually as they move toward production), New Gold mine at 1.20, Mesquite at about .90, El Morro at .50 and CSP as the rest, maybe 1.00 yesterday down to .20-.30 today. All of this is cheap at current gold/silver/copper prices and a hell of a lot cheaper at 2012 prices. So I see risk at 3.50 as minimal even if CSP is gone for good. I'm not quite as skeptical that NGD can't get the EIS "fixed", the 2006 EIS was drawn up by Metallica who was really crimped for capital at the time. NGD does have a lot more experience represented on its board between Gallagher and Oliphant, and I'd be surprised if they can't make it work eventually. You pay yer money, and you take yer chances (in Juniors it's the mantra)