Brien Lundin, in the August, 2015, edition of the Gold Newsletter, says buy
Newmarket Gold Inc., recently $1.05. This is the first time he has recommended
the stock. In July, Newmarket completed its merger with Crocodile Gold Corp., and upgraded
to the TSX from the TSX-V under a new symbol "NMI." The resulting company has three
producing mines and three exploration projects in Australia, and about $24-million in
working capital. Mr. Lundin says that up until the current management took control
of Crocodile in 2011 (and now the merged Newmarket), the company had a bad reputation as an
"operating laggard." Since the management change however, cash costs have been reduced by
41 per cent and quarterly production boosted to over 53,000 ounces of gold. In fact, the reputation of this
new group of management is one of the main reasons the editor is recommending Newmarket;
collectively, they have managed and sold companies with a total market value
of about $30-billion. In addition to resource expansion and operational improvements,
Mr. Lundin also expects the company to acquire more assets at fire sale prices.
Newmarket has the potential to become a major player among mid-tier producers, he concludes.
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