ANOTHER 183,000 was bid sitting at....ANOTHER 183,000 was bid sitting at....
$2.55.... up from the same exact bid size ( which got filled) the other day at 2.50.....I think today's 183 k bid got filled, too....
.......hmmmmm.
Nozz's previous post is interesting. The Big mystery with NFG as an investment seems to NOT BE whether Queensway WILL become a mine, or multiple mines along the 100+ kilometer length of the two fault lines traversing QW. Rather, the mystery is WHO will be mining Queensway.
I fervently hope that NFG retains the vast majority ownership of QW, as that is where the gigantic investment returns will come from over the years ahead, if QW is as prolific in gold ore the experts and insiders seem fairly confident of.
The question to me is all the various scenarios which could occur regarding HOW QW gets developed into a gold mine(s).
Does Erich Sprott retain his ownership in Queensway, while Colin Kettel and PALI sells out to BIG Gold...or visa versa?
Would NFG issue new shares to BIG Gold for a cash infusion in order to fund the financing of gold mining on QW, and once production begins, cash flow from operations provides most, if not all of future development cost needs, either by covering all expenses from earnings, or by being able to obtain loans, due to the cash flow from ongoing mining.
Collin Kettel commented, I think I recall, that a discovery like NFG at QW only comes along once in a lifetime, or words to that effect......so, this leaves me wondering, why would you want to sell out such a wealth generating property. rather than letting your investment ride, and gathering all the increasing wealth as you build put the QW project into producing mine (s)?
With the price of gold looking to be in a major structural revaluation upward, possibly dramatically so, and with the potential for gold reserves along the entire fault lines of the QW project to be proven up over time by drilling and mining to possible very large reserves, time is simply on NFGs Side.
Do you sell the goose that lays the Golden eggs for a handful of golden eggs now? Or do you keep that goose for many years to come, and build a prosperous farm from the Golden eggs that goose will lay over the years ahead.
Keep the goose! Build that farm from the profits the goose lays.
Don't SELL OUT to BIG Gold !
BECOME BIG Gold !
NFG may well have the potential to become something spectacular!....Selling out to BIG Gold squanders that possible spectacular future.