Northgate Minerals Corp (NXG)

[specsingold]

hypno......good post. It's interesting that you give it 6 months. Six months takes us into May and by then we should have an updated YD resource estimate, assay results in from the KN drilling, news on the acquisition front, decision on the KS mine life extension and most importantly, the decision by the Federal Minister of Environment on KN, assuming it gets panel approval.

The 6 month period should also see the start of the next intermediate term rally in gold, providing the ultimate test, which is how the market values NXG when in rally mode and based on what I hope are positive outcomes to the above unknowns. In the meantime it is comforting to know that even in a worst case scenario, NXG has significant liquidation/buyout value. To put it another way, I am comfortable being over-weighted in NXG because I believe the downside is limited and the upside is unlimited. I look at my shares as a low priced option on a mining stock in a secular gold bull with the added kicker that the option CANNOT expire worthless.......Spec