RE:RE:RE:RE:Snowline completes acquisition of Yukon properties
AlwaysLong683 wrote: Oh, don't worry ,mega, I know the risks. It's just that a junior gold exploration-stage company has to meet certain criteria before I consider it a good investment. That's why I like NFG. Others like you may have less stringent or different criteria, and that's fine. To each his/her own.
Here's why I like NFG:
1) Assay Results:
A multitude of outstanding cores of very high grade with geology similar to Fosterville (and don't forget, Fosterville only hit it big during underground mining at Swan and Eagle, not during open pit operations). I take it I don't have to outline the results at Fosterville for you.....?
2) Land Package:
Extremely large, contiguous, single land package with an impressive fault (Appleton) running the entire length of the property.
3) Location:
Trans-Canada highway runs right through the property, splitting it in two.
Existing Infrastructure,
Close to a town of signficant size in Gander (perhaps you've heard of it?), population of 11,880 according to a 2021 census, located only 15km west along the Trans-Canada Highway.
4) Other (bonuses in my view):
Minimal Share Dilution
Two Insiders wtih a lot of skin in the game and great reputations:
Pallisades/Kettell owns approximately 31% of the outstanding shares
Eric Sprott owns approximately 31% of the oustanding shares
(Name me another company of the many Sprott has invested in where he put more of his own money in than NFG..?).
Two shareholding entities, 62% of all outstanding shares. Nice.
I realize you are already familiar with most / all of the above. Just felt the need to repeat it in case you are so caught up in SGD fever that this information has slipped into your subconscious.
I also liked GBR, but found out about later on in its drilling program and unfortunately didn't pull the trigger.
Why I am leary of SGD:
Location:
Not sure how much time and money it's going to take for a potential suitor to go from the state of the land / infrastructure if it is purchased from SGD to buiilding a mine and pouring gold, but my guess is "a lot more than it will cost K to do likewise at Dixie", with likely cost over-runs depending on the state of inflation and intrerest rates during the financing and building of a mine. You think CEOs of majors are so naive that they don't take this into account before they make an offer....?
Land Package Jigsaw Puzzle:
Perhaps you don't realize this, but just because you hold claims over large swaths of land in different areas of a district doesn't mean you won't lose money on some / most of them. Like I stated in my previous post (and I don't think it's controversial), no senior producer is going to pay much of anything for a land package that doesn't have impressive assay data to back it up. The guy on the other BB stated that he thought the market should reward SGD for simply staking the claims. Well, regardless of geology, SGD has to spend money on drilling and assaying first, then hope to hit similar assays. So, first, where are they going to get all the money to drill at these locations and how much will existing shareholders be diluted in the process? Two, if they don't hit anything very impressive (like oh, I don't know, say at the Jupiter target...?), SGD has spent money yet added no value to the company should it be taken out, so more land here would equal monetary losses, not gains. Also, there's such a thing as abandoned claims. So this idea that as soon as you stake more claims in areas think have potential, the share price should go up without assays to prove it up is very naive in my view.
Limited shareholder dilution / who the big insiders are are not dealbreakers for me, but are nice to have.
Current Market Caps (source: TMX Money):
NFG 827M
SGD 356M
So, the question is, as things stand today, is SGD worth 43% or more of what NFG is, all things considered? You may say yes, I may say no. That's fine. But I find it odd that someone like you is telling me junior gold investing might not be the right sector for me given I have too much aversion to risk aversion or lack of understanding given that you were the one pumping NFG over a year ago when it first fell below 10.00 a share, making posts to the effect that a sub 10.00 price won't last long / great opportunity to add / going much higher in the near term, etc. etc. Well, here we are just over a year later and ignoring your pumping back then would have been the right way to go for potential NFG investors are the time. I hope you recall I warned you back then your predictions were way to bullish and way too short term. Who "knew more" about the junior gold space back then...?
Now you appear to be doing the same thing re. SGD, repeating the same bullish arguments over and over again in case we didn't get it the first six times you stated them. That's fine. Investing should be fun. And you may in fact be right about a big payoff for SGD, but you don't know that right now, and if you think SGD is lower risk than NFG or GBR, I think you are mistaken. (Dixie is located in northwestern Ontario approximately 25 kms southeast of the town of Red Lake in the existing Red Lake mining district with existing power and road infrastructure running right alongside Dixie coupled with a series of logging roads on the property), People have different risk tolerances, but that doesn't mean they should stay out of higher-risk investments like junior gold explorers if they know what they are looking for, so it's not "Don't make any counter-arguments in discussing SGD. If you do, maybe you shouldn't invest in any junior golds at all." Really? lol.
You are entitled to your opinion and I am free to discuss my point of view. I stated my views on this BB a while back and didn't repeat them while you continued regurgitating yours. Again, that's fine. But you made some accusations directed toward me in your last post, so the above is my response.
I rest my case. Have a good evening everyone.
I figured I would touch on a nerve with my accountant reference. Mr Sprott perhaps? I'm still a shareholder and big believer in NFG but I have lowered my expectations short term. That property will do fine once it goes into production. It will most likely be owned by someone else at that time. Agnico perhaps? Unfortunately the buyout price probably won't be as much as I originally thought in the early days. I really did think it would be worth at least $15 a share originally because they were finding so much gold at the Keats Zone but the other zones haven't been as good so far. Once Queensway is up and running producing gold it will be a huge money maker due to the extremely high grades and positive logistics of the project that you so astutely pointed out. Hopefully I don't have one foot in the grave and the other one on a banana peel by the time it goes into production. Lol
And since you like counting money so much. NFG has spent $100 million and they have discovered perhaps 3 million ounces at most. SGD has spent about $10 million and I figure they have got at least 20 million ounces just at the Valley discovery. You do the math on that one there Mr Bean counter. Lol
I'll make a wild guess and say NFG gets bought out for around $7.50 a share sometime next year. And SGD gets bought out for $12.50 a share. Just for fun. So don't shoot me if it doesn't happen. It is geology with huge risks after all and nobody knows for sure what the eventual valuations will be. Both are great projects but personally right now SGD has much more upside potential short term in my opinion. And you too enjoy your evening.