New Guinea Gold

Hello justabug

Hope you are right - strangely though, as far as I have been following NGG, the vats weren't planned to be covered against the rain (that would seem a poor decision given the climate), so initial production was much lower than expected because the vats must have been diluted. Granted they are solving their problems, so it looks good.

Recently Metanor (producer quebec) and Maudore (quebec resource) have climbed dramatically. For comparison, C$ per oz for NGG appear to be a fraction of the numbers for these two mentioned, and production costs were slated at just $200 per oz, so hopefully things will go well and NGG will also start its rise very soon. Just to return to its 2008 peak would mean a five-fold rise. But there does seem an element of higher risk priced in.