This company will be a $25 stock if it takes out Bayfield Ventures and moves forward on the Rainy River Project. IMO Bayfield waited for RR to slip up on there permitting to even get a hold of the other part of the claim. This is why New Gold was able t pick it up cheap. If New Gold consolidates and grows balls and buys out Bayfield Ventures and sells of its less profitable gold mining opportunities to develop the RR claim this will be one hell of a powerful miner.
When I first starting investing 6 years ago this sector is what I studied and made a killing a various miners. New Golds price was an great acquisition In my IRA at 4.75. I honestly think anything under $7 is a gift.
See the real problem is this people need to grow the balls to buy miners when the Dow is over 16000
I have been buying here RBY @ .75 and other miners Im not mentioning for 500 plus returns coming up. It is only a matter of time before the house of cards interest rates, stimulus and governments unravel.
The three plays I see are gold & silver physical, Gold Mining Companies, Marijuana Companies, for the obviously wise plans on its legalization for more tax dollars, Bit coin companies and Crypto Currencies.
And if you can afford VIX options monthly from two days ago onward.
This time when the worlds portfolio slows mine is going up 1500% fast. Then I will sell when the dust settles and come in and scoop the companies up that have skyrocketed over values unheard of for fractions of the dollar. IF it is the next 2008 this time Im positioned to not make thousands now its time for 100s of thousands even millions IMO. Your all smart if you are buying here I wish I had 150K to put on this one.
