Hi renshen, I see you are pretty negative on NXG and rightfully so after their most recent report. Still I would like to point out some things you may or may not be overlooking...
All of the Jr's are struggling with the increase in crude and materials. On top of that NXG had a labor dispute (which unfortunately I forgot about). The last couple of Qtr's GSS had trouble getting a power house online and had to revamp a sulfide ore processor so that oxide ore could be processed in parallel. KRY had problems a year back with flooding in Venezuela and the list goes on. The point is that nothing goes as perfectly as we would like it to at all times, set backs occur. Gold and the miners are volatile, it comes with the territory.
With that said, NXG still has $49+ Mln cash, 4.1 Mln Oz. of proven gold reserves and sports a trailing PE under 7 and forward PE under 8... All in all this stock will see $1.50 or more before this year is out. I do not know what kind of time line you are looking at, but I can wait.
Some of these Jr's have a lot going for them and right now they are undervalued in my opinion (below, at or near 52wks lows). When nobody wants 'em is the time to buy 'em and that's just what I am doing. I picked up some BGO today and have recently bought some GSS, NXG and plan on adding when possible.
Just my .02c FWIW...
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