RE:RE:RE:RE:RE:RE:RE:$1 Billion U.S. Market Cap Achieved......?
AlwaysLong683 wrote:
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.
What is going on is that between Palisades (Collin Kettel) Eric Sprott New Found Gold and Quinton Hennigh (Novo) they will have control (greater than 50% ownership) of these companies. Hence the reason NFG gave up the Jonathan's Pond property for a chunk of shares to own 9.8% of NFLD. I bet you the next financing that NFLD does NFG will increase their ownership further. Why do this? Obviously they like some of the ground that NFLD has. Not all of the scattered useless ground that some on here call it. Too funny. Lol The Appleton fault doesn't stop on LAB's doorstep. It keeps going right out to the coast. That ground that NFLD has on the northern and southern extension of NFG will be very important down the road as more is revealed about the geology of the region. BTW way the head guy for NFLD is doing his two week quarantine right now down here on the Rock.
And of course NFG like LAB for obvious reasons. But the Appleton fault doesn't mysteriously stop there. Same goes for down on the southern area where NFG is finding lots of gold near Eastern Pond. There is a lot work happening down there as well. The Appleton fault doesn't disappear at the end of the Queensway property.
And NFG, Eric Sprott and Quinton Hennigh definitely like SIC as well around the western edge of the Mt. Peyton granite complex. Exact same epizonal mineralization that SIC has been getting excellent drill results for a few years now. Stock hasn't been well rewarded in my opinion.
Ok for my last little bit of information NFG has discovered another zone of mineralization. Now I wonder where that might be. Hmmm that one could be very interesting. Get ready for some exciting days weeks and months ahead. The fun is just getting started folks. The best is yet to come for NFG!!! All in my humble opinion of course. Lol