RE:RE:RE:RE:RE:Incredible
DanWarren wrote: t
I'm not a gold mining/exploration company expert, as a number of the posters on this board are, probably all of whom are from Canada. However, I have been listening to many podcasts from places like insides Gold Radio, and have listened to many interviews of professional gold mining investors, executives such as Lasonde, of the famous Lasond curve, commodity trading experts. International investors featured in Barron's magazine, etc So, I pick up insightful tidbits here and there, and apply it to the Gold Investment scene. One fellow who runs an investment fund focusing on gold stocks pointed out that it is key, essential, for junior exploration companies to be "cashed up" when the times are good, because, if the times become bad, it is not at all uncommon for a junior exploration company to run out of money, and if the times are bad, they simply may not be able to get funding to continue on with their exploration efforts, i.e., they basically wither a
Yes this is so true with Gold juniors. Always raise cash in the good times. I'm sure these NFG guys are looking at all available options. I wouldn't object to them raising cash at current levels. I know 60 or 70 million dollars seems like a lot but with 9 or 10 drills turning you can burn through it quickly. More cash they raise the better. Get even more drills turning. I want to see some drills on the Queensway South property down around Eastern Pond and drill some of those big targets.