Northgate Minerals Corp (NXG)

[specsingold]

>>>>Here's my fear: KN gets approved but the market dismisses it because the argument against NXG now becomes the high costs of getting the mine operational. Arrrrrrgh!<<<<

junctioncity....That would be a legitimate concern if NXG had to borrow the money to fund KN development, but that is simply not the case. By the time KN is approved in late Q1 07, NXG will be sitting on $300 million in cash, enough to completely fund KN to the production stage as well as keep YD on the fast track and aggressively pursue RDN exploration. And even as the $300 mil is being gradually deployed over several years, NXG will continue to generate huge cash flow from KS. Bottom line…..KN approval will be such an obvious boost to this stock that it will probably be bid up in anticipation of the event……..Spec