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

To: orkrious who wrote (281075)	10/5/2010 3:13:00 PM
From: The Reaper	Respond to of 306849

Just saw that NGD is over $7

To: orkrious who wrote (281075)	10/5/2010 3:15:27 PM
From: patron_anejo_por_favor	Respond to of 306849

Well, I'll stick with 100 for now!<G> The Glimmer Twins (NSU/NGD) are rocking the house today, that's for sure! Disclosure: LONG shares of the Glimmer Twins. EDIT: We really need to see the HUI finally close at an ATH. It's way overdue and may be ready to play catch-up now with the POG.....

To: orkrious who wrote (281075)	10/5/2010 5:28:46 PM
From: carranza2	Read Replies (2) \| Respond to of 306849

Indeed impressive. Imagine half a million ounces of gold a year paid for by copper and silver revenue in 2-3 years. If gold is at $2000, that is $1 billion in gold revenue per year. As it has 391 million shares outstanding and, unlike a lot of miners, is not in the business of issuing shares to raise capital, that's slightly more than $25 worth of pre-tax revenue per share referable exclusively to gold. A share price of $30 is not out of the question in 2-3 years. And if gold goes higher than $2000, then who knows. This is too good to be true. Something must be wrong with my logic or math. I may well do the unthinkable: sell some gold to buy more NGD.