I think we could report average earnings numbers and the market won't treat NXG too bad. I really think that the main focus of the conference call will be looking towards the future in both Canada and Australia. I am looking forward to the call.
NXG may 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.
RE: history going to repeat itself -
Northgate at $18 in 1971 - would be about $180 at todays value - its a strategic bargain today - its a long bull hike back UP - if history do repeat itself -
and some investors feels today that its - 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 bolshewitchticz bureaucracyz with too much time and taxpayer fiatz-money in it's hands only think about their own goldenz pensionz umbrellaz, zzzsleeping at their duties? - or carrying the heads under the arms? and are braindeadz? IMO.
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