Northgate Minerals (NXG): A Possible Undervalued Gem of a Gold Miner

Andy So's note on Northgate Minerals (NXG) agrees with what I've observed recently: this successful producer of gold has not been moving up as strongly as one would expect with gold's recent recovery. But with strong results and tremendous prospects, this probably means that NXG is undervalued and can be expected to make a dramatic upward move to get more in sink the with resurging gold bull market. Consider NXG as a good play on both gold and copper, possibly an undervalued gem. It's a Canadian company with Canadian assets, making it less likely that some dictator will seize the mines once gold skyrockets in price. Geopolitical stability is an important consideration when it comes to minerals. 

Meanwhile, I still recommend Minera Andes (MNEAF.ob) as a strong play, along with Yamana Gold (AUY), Meridian Gold (MDG), and the large producer, Goldcorp (GG). But there are many great opportunities out there. You could also consider a mutual fund like Gabelli Gold Funds (GOLDX), which I also own. But be sure to get some of the real stuff yourself, purchasing either bullion or the exchange traded fund, GLD.  

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