RE:ExploitsYeah, as I commented last week, would not be surprised if NFG tried to stich up claims along the AFZ and Exploits is likely on their target list ~ NFG understands the gold system very well, and Exploits is likely sitting on serious concentrations
If NFG paid $20M, I'd consider it a steal...
Why? Even if 10M oz are ultimately proven along the AFZ (which it's likely going to be considerably more, or so I hope), At near surface, assuming AISC of $1000 /oz, that would leave roughly $1000 / oz profit (at today's prices)
10M oz * $1k profit = $10 B, that would be a 10 X to current market cap, taking share prices to $50 / sh
Keep in mind, ES has referred to geological surveys that have compared NFL to the Abitibi gold system, which produced 200M oz... Hang on to your jock straps boys... BOOM!