Market Cap / Purchase Price Comparisons
In 2016, Kirkland Lake Gold acquired Newmarket Gold (Fosterville) for approximately $1B CDN in an all-stock deal which has proved in the years that followed to be an excellent bargain for KL that keeps on giving to this day.
In late 2021, Kinross Gold acquired Great Bear Resources for approximately $1.8B CDN.
NFG's market cap currently sits at around $1.3B CDN.
I think Queensway will eventually prove to be far superior to both Fosterville (Newmarket) and Dixie (Great Bear) when all is said and done in the years / decades to come provided gold maintains its value.
I also believe the likely end game for Kettell, Palisades, and Sprott is to sell NFG to one or more producers as I don't think any of these guys / organizations are mine builders or are interested in owning the company as it proceeds through the mine-building process by hiring mine builders to complete the work (but I suppose it's possible...?).
So in my view, the big unknowns are when and for how much Kettell / Palisades / Sprott will sell NFG for....?
Kind of like the gold stock equivalent of a suspense novel to me, except you have no idea when the story ends.......