RE:Megacopper
likeike wrote: @Tradeahead "NFG is going to be larger than Kirkland lake" - Crescat Capital. So Kirkland was up what 15 bn, so lets say 20 bn to NFG,
THAT ....would put us at $100 a share MC
why do you keep lowballing our share price? IKE
I don't even remember the price target I thought it might go to short term. I think I said $25 and raise some cash and let's go mining. Might be a bit conservative but it seems reasonable to me. Remember Kirkland Lake attained a 15 billion market cap once it was producing 600,000 ounces from Fosterville so NFG is not even in production yet. Yes once Queensway is in production it will be the lowest cost richest gold mine on the planet. But we have got some work to do to get there. So I threw out $25 a share to raise a few hundred million and start mining. It is going to be a much lower capital cost to start mining than what most think in my opinion. You are going to get a lot of ounces from a very small volume of rock due to the extremely high grade gold in the narrow zones so it will be cheap to mine with huge profits.
Yes in 3 to 5 years perhaps NFG could hit $100 a share. But until that time let's just try and get to $15 a share lol. You can see what is happening right now. The speculators are leaving NFG and jumping into the surrounding guys looking for the next NFG. I saw a few big blocks up for sale near the close. Longer term investors are taking over from the short term speculators. It happens with every large discovery. However, Queensway is in a league of its own. Definitely in uncharted waters. Who knows for sure but looking out 5 years for NFG and that $100 price target might be on the low side. I'm not kidding. There is a lot of gold in this rare high grade gold system and you will end up mining several Swan like zones at the same time. I'm think over one million ounces a year is possible. This gold system is beyond our wildest dreams!!!