RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:So SnidelyThey might even be able to sell just the Keats-Lotto claim (7984M) which constitiutes about .8% of the total land package for a couple billion $$ while retaining an NSR on it (that claim is only currently subject to a 1% NSR - much lower than the remainder of the property). That would provide adequate funding to do exploration several years into the future.
In that scenario, NFG would get right up to the point of releasing the MRE for that single claim - and then basically announce and sell right about the same time. The market would go into a frenzy... if 1% of their property is worth $2billion - what is the remainder worth?!?!
That would be my preferred scenario if there was someone willing to acquire just that claim. Granted it is 1250 hectares... not not exactly small.
JRafflesUK wrote:
Agreed, a possible scenario for NFG would be to drill North Queensway to a proven commercially viable resource, then to sell it with a NSR and use the funds in order to explore the remaining Queensway South with the capital/ royalty income derived from Queensway North.