Post by
wajac on Sep 27, 2021 11:35am
Big money is made in the exploration phrase
Been away for a couple of days enjoying the great outdoors looking for mushrooms. Found some nice gypsies which is another choice edible that rivals the boletes. It's a rainy day in the Gander area so I'm catching up reading all the recent great posts. This board is by far one of the better ones I've had the pleasure of being associated with. Thanks to everyone for the great information and remaining on subject.
I believe that the big money, as with all exploration companies, is made during the exploration phrase. Those who bought NFG for $1.50 August 2020 and sold at the yearly high of $13.50 have already enjoyed a huge return. No one knows what the eventual buy out will be or when. If Queensway turns out anything like Voisey's Bay the reward will be many times the current share price. I began following the Voisey's Bay story when Diamond Fields was $4.00 a share. In the end it sold for the equivalent of $172.00 a share. And the buy out came rather quickly. It did not take 10 years to happen and I don't think NFG will either. As to the nature of the buy out, whether it will be all of Queensway or individual packages, only time will tell. My feeling is that it will be sold in packages and there will be many packages over the years as drilling discovers more rich zones.
So the game plan is to make money during the exploration phrase. A mine is something I do not spend time thinking about. Dividends of mining companies are not all that great anyway. Banks, telecoms and utilities all pay a larger dividend rate. Our own Newfoundland based Fortis pays about a 5% rate. If I'm fortunate and get a huge return from my investment in NFG it will go into a bank, utility or telecom.
Comment by
wajac on Sep 27, 2021 11:41am
oops, should read 'phase' not 'phrase'. Damn spellcheck....
Comment by
cyberman on Sep 27, 2021 1:24pm
howdy likeike, yes i find it funny re: defying gravity...that gold being such a heavy metal that it was still able to rise to the surface (yes i know some heat was involved). btw, absolutely loved todays PR, Meissa's quote all but spells it out for us. best regards, sigh, i mean cy.
Comment by
DanWarren on Sep 27, 2021 2:49pm
This post has been removed in accordance with Community Policy
Comment by
likeike on Sep 27, 2021 3:34pm
DanWarren I give you post of the day honors. Well thought out and so many issues. You bring a new vision of becoming a major ourselves in the long run and for those that have followed QH for sometime like me a vision for the long game in a turbulent world where some regard electronic blimps that can be erased by a EMP or a sunspot permanently as value. IKE
Comment by
rob1237 on Sep 27, 2021 4:12pm
I declare that this is a monster in the making
Comment by
Snidely on Sep 27, 2021 5:43pm
Then don't sell it to them, but that single claim is 1,250 hectare covering 3km of Appleton strike and has Keats-Lotto plus even includes Big Dave. It constitutes less than 1% of NFG total land package, but there is enough blue sky in just that claim alone for tempt a major. But if not, fine - then keep exploring and making new finds.
Comment by
likeike on Sep 27, 2021 5:59pm
Agreed but have seen have to go below 200m or maybe total depth to figuire out if we are neo Godzilla or Godzilla. IKE
Comment by
wajac on Sep 27, 2021 9:24pm
Dan, with all due respect I think you are a perfect example of the negative consequences of thinking outside the box. American comedian, Bill Burr, said the problem with reading stuff on the internet is that you have no idea whether you are reading fact or fiction. He said at least if you go to a library books are classified as to whether they are fiction or non-fiction.