New Guinea Gold is the next big gold producer

New Gold Producer in Papua New Guinea with approx 1 million ozs in gold equivilant resources, and targets exceeding 5 millions ozs

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Message: A couple of points

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bravekind

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A couple of points

posted on Oct 21, 09 04:50PM

NGG's interest in coppermoly stock is now down to 23%. This is because of the dilution caused by the Barrick deal. On the plus side, the stock price rose so our dollar credit in that company remains the same or better and Coppermoly has a great future.

Yes, the problem of gold extraction at Sinivit was rain, but also clay content. They have been studying and trying workarounds and I believe it is just a matter of time. They skipped on thorough planning in order to save money and get at the gold - this was a risk they took. Now they are learning as they go.

The future is bright.

IMO.

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