British Columbia Mining

[NYBob]

This is a very good move to boost production to 430.000 oz/year
at a cash cost of just $184/oz.

Annual cash flows will be about $250 million/year and will
increase when Davidson adds 175,000 oz/year in 2010.

No debt and still over $140 million in cash,
after this acquisition.

Annual cash flow will be about $0.90 per share in 2008,
implying a fair value of about $9 per share at
a conservative 10 times cash flow.

Worth investing for......

Too bad this truly Native Canadian Kid has to take a fair
chunk of it's considerable cash...
along with the potential employment
riding with that cash, driven out of the country..

Such is the risk of a meddlesome bolshevikz bureaucracyz,
with too much time and taxpayer fiatz-money
in it's hands only think about their own goldenz
pensionz umbrellaz, IMO.

Onward to Australia we GO, mates!

We are one of the few golds up this morning
as the product tests former heights!

NXG Management Presentation -

http://www.northgateminerals.com