RE:RE:RE:RE:RE:RE:RE:RE:RE:Larisa Sprott
I will clarify for those who misunderstood anything I have said here. I am not suggesting ES is doing anything other than he has transferred shares in NFG to a "Mining Company" which he owns 100%. I find that a very interesting development and have no clue what ES is about to do if anything. I can speculate here that he may have "thoughts" about taking this private and mining it himself, or he could be about do any number of scenarios, including nothing other than continuing to hold it as an ivestment with the eventual goal of selling to a major. Where someone can infer that I am talking conspiracy theories is absolutely incredible. Clearly someone is unable to read comprehensively.
Further more, all I said is that if taken private, he has no need to adhere to 43-101 silliness!
I have a 45 year career as a CPA as does Eric Sprott, difference is my experience does not include mining.
BUT, I CAN ABSOLUTLEY GUARANTEE YOU THAT ES, IF HE WERE TO TAKE PRIVATE, WILL COMPLETE A FULL OPERATING FORECAST FOR THE MINE, WHICH IN THIS INSTANCE I HAVE CALLED A FEASIBILITY AS MOST HERE UNDERSTANd THAT PHRASE.
In Eric's case, unlike myself he has the knowledge (better than most in the world) to even do this himself if need be. He has the expertise in Sprott mining to complete a full mine plan, and from there a relatively simple exercise for any qualified accountant to prepare a FS (or operating forecast). It is not complicated. Once mine plan done, the rest is easy. Unless you need to do a 43-101 plan, which takes much, much longer and you need to adhere to strict guidlines.
If ES took this private, he won't give a hoot about anyone else other than himeslf. I did not nor will not suggest any conspiracy. Only fact that the move is interesting. Nothing more. And it is fun to speculate a bit. Lots of scenarios can or cannot happen.