Post by
Lara6730 on Mar 06, 2014 12:51am
Reality..
Two facts regarding Northern Freegold's Yukon property: (1) NFR cannot conduct any serious drilling program without sufficient funds. (2) They cannot raise serious funds with the stock price stuck at current levels. Even if they could, it would mean very serious dilution which would not be a viable alternative. They're stuck in a Catch 22 situation. If base metal and PM prices increase considerably, then I can see a decent stock price increase. But I cannot foresee any concrete evidence on the horizon that would see such price increases taking place. So, as such, we can only expect that we will continue to wallow in our current predicament. I am of the strong opinion that our only hope is a company with deep pockets coming on board as a partner in a joint operation. Management knows what we have on our Yukon property and therefore would not be at all interested in selling out. Our Freegold Mountain property contains potassic alterations and these alterations offer the best hope of mineralization. This is what we have going for us at that project. We also have porphyry systems (Au - Cu); epithermal veins (Au - Ag); hi-grade skarns (Au); and, shear hosted veins (Au). All in all, we have a very viable project on our hands and we can expect it to grow exponentially from this point. However, we need some entity with the funds to assist this company going forward. This is where I believe out next move will have to be. All IMHO.