Post by
Lara6730 on Mar 06, 2014 7:43pm
Another perspective....
From: https://www.goldsilverdata.com/company/338-Northern-Freegold-Resources-Ltd.html QUOTE: "Summary (from last analysis - 12/21/2013) Northern Freegold is highly undervalued and has the potential to be a 100 bagger. They have drilled about 3% of their flagship Freegold Mountain project (Yukon, Canada) and already have a 3 million oz resource at .5 gpt (along with 10 million oz of silver and 250 million lbs of copper). The project is advanced with a PEA. It is economic, with a 23% IRR at $1450 gold. The cash costs are projected to be $400 per oz. Incredibly, the stock has crashed from 15 cents to 1 cent this year. The FD market cap is only $3.5 million. (Lara Addendum: As of March 6, 2014 $6,443,500.00 .. i.e. 184,100,000FD * .035) It really upsets me that projects this undervalued can be taken over for such low premiums. Their gold in the ground is valued at $1.75. A larger company could easily steal it for less than $5 an oz. If there was a poison pill forcing the buyout to be at least $25 per oz, I would buy a lot of shares. This project is going to be built, but I doubt that Northern Freegold shareholders will get the huge returns. The possibility of a buyout is very likely, and I will be shocked if it doesn’t happen soon." UNQUOTE. Lara back.. I can see where the writer is coming from, however, I cannot agree that NFR would sell the property outright. There is still quite a bit of future potential on this property. As such, I still maintain they would enter into a JV with some entity who would be the operator while at the same time hopefully also financing a certain portion of NFR's costs.. IMO, the JV situation could result in a healthy increase in the stock price of NFR and at which time they could then go for a financing and get more serious with their Burro Creek project or whatever. All IMHO.