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DanWebzster

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DanWebzster

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Re: DanWebzster post# 14

Friday, 02/23/2018 7:09:32 PM

Friday, February 23, 2018 7:09:32 PM

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NGD

Now highly leveraged to the price of gold

Commissioned Rainy River mine in q3 after significant cost overruns getting the mine started. Due to late year Rainy River gold production, total production grew by 13% over 2017. Unfortunately, loss grew from 7mn in 2016 to 108mn in 2017 as a result of getting the mine on line.

Net debt is ~800mn

AISC also grew from 692/oz to 727/oz in 2017

If the production levels do not decline in 2018, share price could reach 4.25 at 1260 -1270 gold.

Use MACD/CCI/VTX technical array to spot reversal.

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