I noticed that Kinross Gold reported their most recent earnings today and despite this company operating numerous mines with significant net gold production, they lost money, about $21.5 million in the quarter:

http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSN0246297320091102

Oh my GOD!!!! Abandon ship!!! They are bleeding red ink... OR not. This is the way it is in the mining biz. Even the larger established producers will lose money some of the time. It is not an indication that the company is a scam, or about to go under. It is more likely a function of accounting and financial reporting where money is spent early on to develop a mine and gear up production, and the benefits and profits accrue down the line when the mines achieve critical mass and efficiency results from economies of scale.

ND is early on what could amount to a very steep growth curve and the profitability of the mine on an operating basis should continue to improve as the price of gold lifts off. I will keep my fingers crossed that the stock dips below $1 one more time and I will be right there buying if it does.

cheers!

mike