Thursday, August 02, 2007 8:35:03 PM
exploration and development to expand its resources base
with the Kemess North Project by over 800% -
On the basis of a feasibility study completed in the
third quarter of 2004, Northgate moved 4 million ounces
of the resources at Kemess North - into the proven and
probable reserve category.
A NI 43-101 compliant technical report was filed on
SEDAR in early June supporting -
the new reserve designation .
http://www.northgateminerals.com/frame_kemess_north.html
$10 mil. invested in comparison with -
The Kemess South Mine -
were about $1 billion been invested in the infrastructure etc.
the Kemess North investment only represent about 1% of
NXG Kemess est. value structure -
but still its a very vice investment -
of $10 mil. to outline the Ore values below -
Gold 5,054,901 ounce x $665/oz appr. = $3,360,000,000.00 -
Copper 1,678,168,000 lb of Cu x $3.50/lb appr. = $5.873 billion -
NXG - Kemmess North - total ore value est. appr.
= $9 billion plus new drilling discoveries -
NXG bottom line is -
1. that the market value of Kemess North -
will only increase in real value with time -
2. if NXG don't develop the $9 bil. resource? -
someonelse from China, India etc. standing in line -
knocking on NXG doors to get a foot in ? -
The permits can add another $100 bil. to BC economy or
scare away the $100s of billion of future investment money -
to go to more business friendly countries -
Northgate mining - Incorporated 1919 in Ontario chart. -
one of the oldest mining companies in Canada -
who had the experience to survive all 666 bolshevikz -
terrorz manipulations of American markets -
in the last century - with Excellence -
NXG - have all doors open all over the world -
all countries want an old experience mining company
with the excellent reputation NXG has -
to do mining which makes great revenues for all governments -
all over the world and its 1000s of small expl. mining comp.
who want a giant like NXG with the cash to develop
their mining resources etc. -
FYI. --
Northgate Minerals Corp. - 2007 PRODUCTION PLAN -
Gold Production 285,000 ounces
Copper Production 74.5 million pounds
Silver Production 385,000 ounces
Cash Cost negative US$10 / ounce *
*Assuming the copper price averages $2.50 in 2007
NGX/NXG - Kemess South Mine - Performance 2n Q. 2007 -
The Kemess mine posted gold and copper production -
Gold of 65,999 ounces Au -
Net cash cost of production of $35 per ounce of gold -
also produced -
Copper 14.8 million pounds Cu -
respectively in the second quarter of 2007.
From a financial point of view, the second quarter -
was also very successful as -
the Kemess mine generated over $43 million -
in operating cash flow and our -
cash balance increased to over > $317 million.
Northgate's revenue in the second quarter of 2007 was -
Total $80,878,000.00 -
The Corporation recorded net interest income of $4,464,000.--
in the second quarter of 2007 compared with
net interest income of $702,000 in the corresponding quarter
of 2006.
The dramatic increase in interest income was the result of
substantial increases in the Corporation's cash position
due to strong operating cash flow and the exercise of
share purchase warrants in December 2006, which brought
$99,998,000.- into Northgate's treasury.
Got NXG / NGX - Northgate Minerals Corp. -
Gold Mine Safety? -
Note - the most important! -
NXG Lowest Gold cost Au producer in the industry? -
Imo. Tia.
God Bless America
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Ps.
Gold & Silver - The Only Real Money Standard =
not paper, not electronic credits, not chips and
not polo-ticz fiatz or 666counterfeitz.
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