$NGHI Could Become RICH With GOLD!
September 1st, 2009 at 8:56 am Posted by The Dean
$NGHI Could Become RICH With GOLD!
The Dean’s paying attention to commodities and gold’s still holding strong above $950 an ounce. Today’s report from the Institute for Supply Management said that manufacturing for August rose 52.9% up 3% from July.
The Dean thinks that the ISM Report holds some weight because it shows that manufacturing is up for the fourth consecutive month after an 18 month contraction. That means manufacturing has NEEDED to increase because consumer DEMAND is strengthening and that could mean higher profit margins for gold exploration companies like $NGHI.
The Dean told you yesterday that commodities experts tend to think gold and the US dollar work against each other. But The Dean believes that if the dollar continues to strengthen the demand for gold should increase. The holidays will soon be approaching and $NGHI could be well on their way to find the gold mine laying right under their feet.
$NGHI President and lead exploration geologist, Dave Matthewson, thinks this company will find at least 5 million ounces of gold in the Rabbit Creek Trend, an area known to have at least 50 million to 80 million ounces of golden goodness.
$NGHI‘s plan is to dig new holes and drill deeper in areas thought to be RICH in gold. Matthewson estimates that 65% of the 160 previously dug holes contained significant trades of gold which could mean good news for $NGHI‘s exploration efforts.
The Dean believes that $NGHI could strike it rich because the Rabbit Creek Trend is a newly developing region with plenty of wealth to be found.
In 2004, Raymond James reported that 31.5 million ounces of gold were proven in the Battle Mountain Trend in Nevada. That’s significantly less than the 107 million ounces in the Carlin Trend which has been explored for more than 30 years.
The Dean believes the difference for $NGHI is that they’re digging in an area that hasn’t been explored to its full profit making potential.
If $NGHI comes through and delivers 5% to 10% of the gold in those hills, $NGHI could see golden rays of sunshine glowing from their $600 million to $800 million find. And even if this exploration process is gradual over 5 years time, that’s still a possible $120 million to $160 million a year for $NGHI!
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Still holding my shares. I like my chances at the moment.