RE:Why Why ?
Why are volumes so low nfg if they have all this gold, does the market not understand or believe in the data
NFG is a pure gold exploration play .
These days such speculative investments are out of favor by the market due to the inflated cost of building a mine and the time leads necessary for permitting .Wait time adds risk to your capital and inflation erodes its value.
Thats why most investors in this sector choose producers or imminient producers whose cost runway is modest and fully permitted.
Plus, imo NFG management have either forgotten or blissfully ignorant of the fact that their main job is to make money for their shareholders ie take measures that advance the share price.
They have never undertaken a single international road show, have given no indication as to when the first MRE will be published nor given any firm indication as to the timing, if any, of early production.
By doing so, they have abdicated their control of our share price to the shorts.
I remain invested here solely for early production as it will greatly inflate our share price.
The mechanism is in place to do so....a MOU to toll process QW ore through the excess
processing capacity of Maritime Resources.
In a post of yesterday, I illustrated the effect of such a move on our share price based on peer valuation of tolling 150,000 ounces of QW ore via the Pine Cove mill.
There is reason for optimism as recent Mett analyses of QW ore shows excellent compatibility with the processing ability of the Pine Cove and Nuggett Pond mills of Maritime.
Only a stated decision by NFG management to begin early mining of QW remains to kick start our share price up the charts.
All shareholders should become proactive by using the heft of their equity to agitate for early production decision .
We have over 500,000 m of drilling the shallow depths, multiple open pittable deposits, well above average open pit grades, a cheap tolling option , compatible mettalurgy ,and a pitiful lagging share price.
So, WTF are they waiting for ........
AIMHO
GLTA