RE:RE:RE:RE:100 smackers
likeike wrote: How many tenative oz of gold would we need for $100?
I think we may have that much on the Appleton.
We will need people to get excited about JBP fault and
Kingsway before the market will push it that crazy and
then a couple of years to show the reality that it is for
real. IKE
We are a long ways from $100 a share but $30 to $50 could be attainable within two or three years with continued exploration success. I'm hoping for at least 10 million ounces of gold at Queensway North as they drill deeper around the Appleton Fault. And that could end up being very conservative. Still too early to say for sure so it's just speculation.
The JBP Fault about 5 km east of the Appleton Fault is still an unknown. Of course they are finding gold but I'm thinking it's not as good as it is along the Appleton Fault simply because they still only have the one drill over there. I'll be going out for another look within a few days to check out progress and location of the drills. Queensway South could be a major game changer for the company. Exploration success down there will cause the share price to soar. Huge potential for NFG so anything is possible.