RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Assay Results and "The Page"BC, you are absolutely right in saying NFG needs to establish their valuation through drilling and defining a resource adhering to 43-101 standards. This will take a few years. Takeovers are few and far between and unless a major really needs to bolster their reserves for future growth in the short term, they will probably wait for gold prices to decrease. Marathon gold has a fantastic property that is very profitable but nobody is kicking tires on this 4 million ounces defined resource. They are planning to mine it themselves and I think that they will, and be successful in doing so.
If NFG defines a high grade open pit table resource, a multi-billion dollar takeout will not be difficult if the takeover parameters and bluesky is there that the major can make money and grow. Just look at Brookfield in the midst of a $10.6 billion takeover of IPL at a time when the world is advocating eliminating oil. Go figure, but Brookfield sees the value and they have competition. They also have a massive marketcap. Barrick Gold, as an example, has a market cap overy 50 billion. So, if they want NFG and NFG is proving their worth, someone like Barrick will be be there. And if Barrick etc al is not in the acquiring mood, leadership of NFG will morph into a gold production team like Marathon is doing right now. NFG have great intercepts, very high grade and long. We are excited about continuity over several kilometers and along parallel faults. You can buy a share for $12.50 right now and it is wickedly satisfying to see the holes announced and the price going up. But if you are buying all the shares or most of them, I think I would need a lot more confirmation.which will take some time.