Newcastle Gold Ltd.

Operating Gold Mines - Quebec & Peru Canadian Gold Producer with significant GOLD Reserves
WTG assets
over 13 years ago
3

Exploration assets are worth pennies. Myriads of "mining companies" have them. Doesn't matter that they are in "prospective areas".

What matters are real ounces of gold. I've checked the numbers, as Mr. Crowley suggests we should do. Dismal. WTG's only producing asset has only ~400 000 oz Au in all categories. Its other asset under development (i.e, not sure it will be a mine yet)has about the same, 400 000 oz, and both of them have grades far less than half those of Lamaque and San Juan.

Value added for management? If you value cunning and a "let's get all we can for ourselves" attitude as "management", then I suppose so.

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johnny
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Newcastle Gold Ltd.
Symbol
NCA
Exchange
TSX-V
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Metals & Minerals
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