New Guinea Gold

Well, SKANA capital has just invested a couple of millions in NGG at 0,12. They could have invested in so many companies since there are literally thousands of gold explorers/miners.

My speculation is that NGG will skyrocket from the 0,10 or so level to 2, 3 or 5 CDN when gold goes to 1500/1600 USD. That will be the mania fase for many of us, many others will know it will be "the get used to it circumstance" since gold will again become the world's monetary base.

A "lousy company" like NGG is now being viewed will become very popular since they have a resource base, great exploration potential, some money in the bank and are at least buzzy on the producing level.

There is obviously some risk in NGG, but hey, twenty or more baggers are not found everywhere.

Succes in investing!

btw I speculate chances are pretty high we will see gold at 1500/1600USD in June/July 2010.