Welcome To The Northern Gold Mining HUB On AGORACOM

The company’s strategic direction is to continue to seek out properties and claims in the area known to have high value gold targets and to execute the necessary work to rapidly move these projects towards advanced exploration and mine development stages.

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Message: Re: SAS
SAS
2
Feb 18, 2011 12:55PM
1
Feb 18, 2011 01:50PM
2
Feb 18, 2011 02:17PM

hard to say right now who could take who out... someone could come in and take both companies... it would make a nice package... no doubt we are on a road to eventaully being bought out but my guess is not for quite some time and at a much higher price... if it turns out that we have possibly 3/5 mil oz... (won't happen immediatley) our share price wil go up fast... and after the updated 43-101 that will be out soon, maybe we will get a better valuation for our gold in the ground... that will also drive the SP... then if someone tries to take a run, we have the shareholders right plan, which may or may not work but better yet we have some big investors who I am sure will not let their stock go cheap.. we also don't know who is picking up all the stock that has been traded in the past two months, but someone has been accumulating and I am sure for a very good reason and I bet its not for a quick flip... we are valued at something like $30 per oz... Red Back Mining was taken out for I believe around $1,000 per oz and I think it was even higher than that but don't have the figure right at hand... Rainy River Res. is sitting on 5 mil oz and is at $13.00 .. they sat at $2 for a very long time and then the SP took off... but through all their drilling and outlining a good deposit, they did not have a takeover offer.... just offering up info... make what you want of it... but NGM is in a great area and appears to have the kind of deposit that is easy to mine and attractive to bigger companies... looks to me like our SP is seriously undervalued... this is not investment advice... just my own thoughts....

2
Feb 18, 2011 03:01PM
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