Here are my thoughts on NFG Below is what I think of NFG's high grade gold discovery at Queensway. I know it might sound a bit exaggerated but this discovery is honestly that good and the drill results have proven it week after week for about 8 months now. Anyone selling at these levels will regret it. Mark my words. I can understand why you are selling after such a big run up in the share price but I have reason to believe the best is still to come for this remarkable high grade gold discovery.
I have heard rough calculations of 4 to 6 million ounces just on the Keats Zone from surface down to the 350 meter depth and they are still finding gold to the south, north and this will most likely go down to 1000 meters and beyond if it's similar to Fosterville. I was told this rough estimate doesn't include the Lotto Zone that Quinton Hennigh said looked to be similar to the Keats Zone and it doesn't include the Knob Zone (still waiting for assays) and doesn't include the Sunday Zone. And of course doesn't include what they find on the JBP fault near Pocket Pond and H Pond or in between these two faults that are at least 3 km apart. Can you say WOW!!! This is a BIGGIE!!!
Still a lot of unknowns but like I have been saying for months this is a very large and rare high grade gold discovery. How large is anyone's guess but I'm beginning to think it will be well north of 10 million ounces eventually based on what I'm hearing and seeing just at Queensway North. And I'm sincerely being conservative. No BS. Too early to talk about Queensway South but early indications are very positive to say the least. The Keats boys are on the hunt down there so if it's there they will find it.
NFG is going much higher. How high I honestly can't say, nobody can at this stage of the game but I'm thinking 3 to 5 times current valuations. And again, that might be conservative. What these guys are finding are blowing all industry benchmarks out of the water. The drill core at the Queensway North property is spectacular!!! Unbelievable!!! It's an incredible high grade gold discovery!!!