Northgate Minerals Corp (NXG)

[specsingold]

microcab……I doubt that they will be able to find reserves at a price any where near what they paid for YD. Using a rough calculation and assuming YD reserves of 3 mil ounces, NXG paid less than $70 per ounce including development costs. In today’s competitive market, they will be lucky to find something at $200oz including development costs. Their best bet would be some sort of mutually agreeable partnership where the synergy is such that the whole is significantly greater than the sum of the parts. Like you, I would rather see them go with what they have than overpay..……Spec