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Message: New Gold: tenfold price increase since its November 2008 low

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New Gold: tenfold price increase since its November 2008 low

posted on Aug 18, 11 01:49PM (Log in to use the IP Check tool) ^[?]

The Long Case for Mid-Tier Gold Producer New Gold

...

NGD has grown production on average by 17% per year over the last 3 years and the company estimates that it will grow production by another twenty thousand ounces of gold in 2011. In 2010 the company generated $530 million in revenues and with gold and silver prices at current levels they expect to generate anywhere between $740 million to $775 million in earnings this year. The chart shows NGD’s growth in revenue over the past three and its estimated revenues for 2011.

full story at

http://seekingalpha.com/article/287690-the-long-case-for-mid-tier-gold-producer-new-gold

Autor: Robert Hallberg (an individual investor and blogger)

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