National Fuel Gas Co NFG

RE:RE:Take another look at NFGC 21-182 and NFGC 20-59

[AlwaysLong683]

Retiredgeo wrote: If you are referring to Snowline, Snowline will have a mountain of low grade Gold ore versus NFG's patch of high grade gold ore.  Grade can be king but so can be tonnage.  The biggest, most profitable mines in the world or all low grade, high tonnage porphyry deposits.

FYI:  Strike length is ore between holes.  True width is 70% to 80% of the reported intervals.

Took a look at SGD.

Interesting company, but not for me.

They remind me of SIC in that they appear to be trying to stake as many claims in as many disjointed areas as they can, and the result so far looks like a handful of jigsaw puzzle pieces from different boxes scattered on a table. Staking claims costs money, drilling costs money, camps cost money, assaying costs money, exploring in remote location(s) in the Yukon a ways away from other companies' operations cost (more) money.

Assay results look very good so far, so could be a winner if they can accumulate enough cash to prove up their property(s) and sell to a major. Share dilution may be a big of a nagging concern to outsiders though.  According to their latest presentation, they currently have 4.7M outstanding options at strike prices between 0.30 and 0.80 along with 11.7M oustanding warrants at strike prices between 0.50 and 0.75 on 127.6M shares oustanding, or 12.9% (16.4M / 127.6M). Not a fan of anything above 10% if the strike prices are much lower than the current share price, The current market cap is $192M.