RE:RE:RE:Strong bids at the close
95Bearcat wrote: Doesn't matter what the other boards say about NFG. The market has determined that our MC is more than 50% higher than GBR. Having said that, we will soon need some validation regarding the structure and continuity of the ore body and some plan for a resource estimate. This will require a ton of drilling. Every press release has been stellar which is keeping the share price onward and upward but it takes a huge volume to get to 1.3 billion even with high grade.
Unfortunately I think NFG are still a ways away from any kind of resource calculation. It would give investors a level of comfort knowing there is X amount of ounces confirmed with drill results instead of having to guess. I figure NFG has over 200 holes drilled on the Queensway North property and they must be at least 50 holes behind in assay results. Appears to be a major lag time getting results to market but I guess that is something we will have to put up with.
Not sure how long a pause we will get here at this level before getting more news. It would be good to keep the excitement and momentum going for investors to help push the stock up through the $10 mark into the mid teens. It will happen it's just a matter of time.