New Gold (NGD) and its world class gold/copper project El Morro partnered
with mining titan Goldcorp (GG) has decided to commence construction of one
of the world’s largest gold-copper projects after the Chilean winter.
Quoting Randall Oliphant, Chairman of NGD, “”Our 30 percent interest in El
Morro positions us very well as we have a meaningful share of this great
project, with a proven mine developer and operator as a partner and a
favorable financing arrangement that carries us through production.”
China is easing financial and fiscal policies for at least the first 6
months of this year. This action is letting the world financial markets
know that carefully chosen mining equities are the place to be. China has
flipped the “risk on”switch for precious metal equities.
Inflationary forces, possibly gut wrenching are in the cards. The losers
may well be the possessors of dollars and purportedly safe treasuries.
This will be the impetus to move capital out of cash,treasuries and
overvalued banks into mining equities and commodities.
The gold mining stocks have recently underperformed gold bullion since
2011. Since the 2008 credit crisis, one company New Gold has delivered on
its stated promises and has rewarded original GST subscribers of more than
a 1,000% gain since highlighting it in May of 2009 outperforming the gold
mining index and gold bullion by a wide margin.
In this recent interview with Randall Oliphant, Executive Chairman of New
Gold (NGD), we discuss why the company has outperformed its peers and why
it has one of the best resource growth profiles in the business with El
Morro, New Afton and their recently acquired Blackwater Project in British
See the interview below: