RE:RE:RE:RE:RE:RE:$1 Billion U.S. Market Cap Achieved......?
mega, we shall see, but I doubt it.
I believe NFG (after drilling the heck out of their target areas along their two faults) will either sell to major gold producer(s) for a significant premium to whatever NFG's share price is at the time (my personal preferred option), or raise money to build a mine (Keats?) which may rival (surpass?) Swan in terms of a very-low AISC and thus very high margin gold sales.
If NFG decides to build a mine (or even to keep drilling once the current cash stash dwindles), it has to raise money through equity raises from now until if and when it starts pouring gold from an operating mine and selling that gold, so the money they raise needs to be used optimally, and in my view, optimally means drilling on their own property which in my opinion has shown itself to be the best by far in the entire Central Newfoundland gold rush territory to date.
Re. Eric Sprott:
He's invested in countless junior exploration precious metals companies throughout North America (including Mexico) - some of these will likely fail or be dead money, some of these will probably be bought out at a big premium, some of these may build their own mines and see how things pan out.......To say that because Eric Sprott owns interest in a company near NFG means that NFG will buy out that company is quite far-fetched in my view. Though he does own approximately 18% of the outstanding shares of NFG, he is not on the management team nor the board of directors. He is simply a large investor in NFG who has 18% of the vote whenever a proposal is put to a vote by the Board of Directors, as is the case in any other company in which he holds a sizeable number of shares but does not sit as a Board member.