Northgate lost the Kemess North project this past month, not good, they will take ~ a 30Mil. write down on that
They are working on the pre-feasibility study for the Young-Davidson project, but that is due to come-online in 2010.
Aside from buying out more junior players, their earnings probably will not increase at a significant rate....that would explain the recent downgrades and the decline in pps.
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