The Residential Real Estate Post-Crash Index-MODERATED Message Board

To: Riechers who wrote (61720)	3/2/2012 2:23:27 PM
From: patron_anejo_por_favor	Read Replies (1) of 92493

I think they've always had mid 2012 as target for first pour at New Afton, and that's at 6600 tons/dy processed. Makes sense it would take some months to get that all the way up to the 11,000 level. And the production is what impacts the margin expected for NA for 2012. No matter to me, the longer the gold sits there, the more it will be worth when they do pull it out (thanks, Ben!). The rest was noise, they missed by a penny due to some minor ore grade problems combined with higher costs for fuel. As long as NA comes on as expected and El Morro/Blackwater exploration and development continue smoothly I see NGD as wildly undervalued. By a factor of 5-10. I bought more today, and have orders in to sell some nekkid poots as well.