Replies to post #1759 on Northgate Minerals Corp (NXG)

[specsingold]

>>>>Here's my fear: KN gets approved but the market dismisses it because the argument against NXG now becomes the high costs of getting the mine operational. Arrrrrrgh!<<<<

junctioncity....That would be a legitimate concern if NXG had to borrow the money to fund KN development, but that is simply not the case. By the time KN is approved in late Q1 07, NXG will be sitting on $300 million in cash, enough to completely fund KN to the production stage as well as keep YD on the fast track and aggressively pursue RDN exploration. And even as the $300 mil is being gradually deployed over several years, NXG will continue to generate huge cash flow from KS. Bottom line…..KN approval will be such an obvious boost to this stock that it will probably be bid up in anticipation of the event……..Spec

[onexoco]

535 is the next likely target "should" gold retreat further.
If the dollar moves up say another $10 gold could go down to 480. Nxg will continue to plow cash into the coffers in any event. The pps will certainly dive. IMO KN permitting will give a god boast to price and it could be short lived depending on circumstances at that time. That said in the long term what ever the argument is given KN combined with YD
and who knows what other good news will come down the pike NXG is a solid Long term winner. I like this management team.
It is the real reason I stay.