RE: If a "Buy-out"
Now that NGG is generating positive cash flow I think it would be better to prove up more resource before selling.
At these high grades for surface deposits NGG doesn't need a huge amount of cash for drilling and early development. The company doesn't need to sell shares and there's no advantage to selling the ocmapny unless there's an overwhelming offer.
Some buyers like AUY and GG aren't even going to look at anything in PNG.