Northgate Minerals Corp (NXG)

[fazoolius]

NYBob,

Thanks for the post. I think that NXG may decide to hold that extra cash in the bank until there is a final decision on KN. Stowe indicated that the government will decide on approval by early Q1 2008. Therefore, if they get it, they will have to figure out a way to finance it and the 140 mil in the bank would definitely help. On the bright side, the fact that NXG has reclassified the KN reserves as resources indicates to me that no one at NXG is holding their breath for KN approval and quite happy to move on. If that is the case, 140 million might go a long way to either further exploration on the newly acquired mines in Australia or look for another acquisition.

Monday is going to be a sitting on the edge of the seat type CC!

-faz