buy recommendation maintained, page-9

Ray Ray that assumption they may produce 20 000 0z for coming quarter is What ive bought a smallish parcel 30c and less . I love buying into the unloved with good prospects and at current price NGX does offer some of the cheapest oz in australia with imo reasonable to good chances of a turn around. Money has been going out the door on bringing new projects online and like the majority of new projects they have taken longer and cost more to bring on line than forecast. At current valuations one would think maybe NGX would have to be on the radar of other goldies for a takeover.