Northgate Minerals Corp (NXG)

[canadaboybill]

I got a few tidbits

KS to be extended by at least a year (needs BOD approval). Will belower grade. May hedge with copper and GOLD hedges.

2008 production likely slightly lower than 2007, which is 25,000 oz lower than 2006. Looks like q4 wil be a record for a while.

Dividends or share buy backs unlikely

Not approached yet by acquisitor

Sounds like something could pop on acquisition front any day. Not ruling out paying cash or debt for acquisition.

KN anomaly interesting. Have found mineralization at edges already. Looks deep, but needn't remove hill its under. Also closer to surface away from cross section

Copper hedge assures production cost of gold to be $10 per oz or less, assuming price of copper at$2.50 or more.

2007 taxes partially offset by YD and KN spending. Effective tax rate to be about 25%.

Panel must produce report 60 days after Dec 15. Rona Ambrose, environment minister, to issue permit - but no timetable there. There are other mines in queue and will get an idea of timing from them.

Inclusion in TSX index in December very likely if price remains over $3 Canadian.

Interesting, lots of questions from private investors, which were much more pointed than from weak kneed analysts.