A Reality Check for NFGOne of mine....T. DPM....180m shares...$1.5 billion market cap.
Producing 315,000 ounces per year at AISC just above $900 US per ounce .
Very strong free cash flows resulting in 800 million CAD in cash on the balance sheet and no debt.
Take away the $800 million in cash and its resource and production market cap is $700 million cad.
NFG market cap is about $730 million CAD.
No resource estimate, no production , no indication of timing of inception of mining , huge capital costs to do so , still on the Venture exchange , a management team lacking critical mining experience and no strategic plan to enhance shareholder value .
So, let's look at the average investor who is both time and execution risk averse plus the safety of a massive balance sheet in comparison to NFG .
His choice is going to be DPM and not NFG which is in continueing and substantial retreat from its historical price highs....and no strategic plans to change anything but hope , bloat and float ..