RE:RE:RE:Does the Keats Trench have Multi million ounces ?Junior miners (not just gold) have been pounded for several years and for those that have invested in these crazy stocks for a long time, you have seen the wild swings. Many of these juniors will not survive this even as most go into hibernation to try and save funds. Any who bought at the highs 3-4 years ago in almost any junior minor have got slaughtered if they sold recently. There is no sugar coating that. But at some point yes, the juniors that survive will go higher and when it happens it usually happens quite quickly IMO as FOMO eventually settles in. Besides the obvious requirement of actually having viable resources on site the other key is whether these juniors can continue to get financing in an environment where NO retail investors are pouring money into these stocks. It is actually a horrible time for trying to get VC in several industrial sectors. Try finding money if you are a small biotech or pharma company - it is absolutely horrible out there right now.
I have no idea when this particular down cycle will end in junior mining and neither does anyone else. It could be a 6 months, it could be 5 years. But when it does it will be an excellent opportunity for those sitting on cash or who bought near the lows to make some very, very nice returns. My suggestion for those considering investing in this one is to wait. Fortunately these guys have the backers that will finance them for several more years absent a return to a better market for junior miners. So if you are patient and want to park a small portion of your money in this sector, NFG is likely one of the less riskier plays - still no gaurantee, but less risky than most of the others. I bought into this one very early. Sold about 25% on the way down. I would normally sell a bit more (at a profit) because I do not think we are at the bottom yet, but I am waiting to see some of the deep drilling results. That is not going to magically improve this horrible environment for junior miners, but it could significantly de-risk this one and validate a bit more investment. GLTA