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Hedgebunny, One of the posters on the

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gfp927z   Wednesday, 11/08/17 04:59:14 PM
Re: Hedgebunny post# 54
Post # of 107 
Hedgebunny, One of the posters on the General Stock Ideas board (link below) called 'Bigworld' owns some New Gold Inc (NGD), which is a Canadian based miner with projects in Canada, US, Australia and Mexico. It's market cap is $2 Bil, so a small/mid cap.

I never really followed the miners that much myself, and only have the ETF (GDX). I'm more into owning the physical metals, but figure having some exposure to the miners gives some leverage.

I think Bigworld follows an analyst who recommends some small cap miners, which is how he learned about New Gold. It's a tricky sector though since the 5 year decline in gold prices has pushed some of the smaller miners close to bankruptcy, which is why I went with the larger caps (GDX) since the bigger companies can now acquire the weaker players on the cheap. I think investors who follow the small cap mining sector tend to be knowledgeable and dedicated since it's such a treacherous area and full of landmines -


https://investorshub.advfn.com/General-Stock-Ideas-8141/



>>> New Gold Inc. is an intermediate gold mining company. The Company is engaged in the development and operation of mineral properties. Its segments include New Afton, Mesquite, Peak Mines, Cerro San Pedro, Corporate and Other. It has operating mines in Canada, the United States, Australia and Mexico; development projects in Canada, and a stream on gold production from a development property in Chile. Its development projects include Rainy River and Blackwater projects, which are located in Canada. Its Rainy River project is a gold project located approximately 65 kilometers northwest of Fort Frances in northwestern Ontario, Canada. The Rainy River comprises approximately 192 square kilometers of various rights and claims. The Blackwater Project is located approximately 160 kilometers southwest of the city of Prince George in central British Columbia, Canada and 110 kilometers southwest of the town of Vanderhoof. The Blackwater project covers an area of over 1,000 square kilometers. <<<







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