Profits Could Be Right Under $NGHI’s Feet!
August 31st, 2009 at 11:00 am Posted by The Dean
$NGHI: What's under your feet?
Since The Dean values the success of his students, he’s been doing his homework on the gold industry and market outlook.
An article from Gold World has suggested that gold prices will reach as high as $1,300 an ounce. From approximately $950 an ounce now, that means that GOLD could see a 37% increase.
What would that mean for gold exploration companies like $NGHI? The Dean thinks this would mean more PROFITS.
Right now, $NGHI stands to receive $120 for every ounce they bring to market. With gold prices expected to soar, The Dean believes this figure could easily move to $150 to $160 per ounce.
Gold World has also reported that 2008 saw the largest supply and demand deficits in more than 20 years. Higher demand would naturally mean higher prices and both would be desirable for the gold market.
The Dean can see the value in a gold stock and that’s why he’s teaching the CollegeStock Community about $NGHI.
Another recent article seems to confirm signs of substantial growth, as gold hit a 3 week high on Friday. This article says that “the dollar typically moves in the opposite direction of gold.”
The Dean believes that large government spending has increased widespread concerns of long-term inflation and those worries could keep the price of gold where it should be—HIGH!
The Dean thinks that gold become more popular as an investment because many people are worried about the volatility of the real estate market. Again, more investors + higher demand = higher price of GOLD and more potential profits for $NGHI.
If $NGHI strikes gold in their target locations, they could find as much as 5 million ounces of gold. For today’s gold prices, that could mean revenues of $600 million for $NGHI. And if the gold market keeps moving as Gold World and market trends suggest, that number could grow to $800 million.
The Dean thinks that gold’s potential for growth is laying under $NGHI‘s feet and they just have to bend down and pick it up.
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NGHI looks Great !!