Northgate is one of John Doody's Top 10 gold stocks, and he is an uncompensated analyst who reviews 70 producing gold miners.

I have been averaging in all the way down, as this is one of the cheapest (best value) PRODUCING gold mines out there. It is trading at 1.6X Operating Cash Flow per share, which is a fraction of the industry average around 8 for producing mines. They have nearly 2 million ounces of Proven and Probable reserves in the ground. Forecasted to produce 1.2 million ounces in the next three years. Young-Davidson mine, coming online in 2011, should replace the ounces lost by Kemess when that mine is depleted until 2017.

Solid mid-tier producer. If you believe in higher gold prices to come, the risk to reward ratio here is very favorable.

Why is it down so much? Why is every gold mid/junior down 50-90%?! You either believe that we will have higher gold prices in the future and that this sell off is irrational, or you don't. Time to make your choice.

Hysteria