RE:Keep it simple, eh?braindeadoldguy wrote: 1 - 400,000 meter drill program - QH hinted at 2 years timeframe
2 - if the burn rate is about 1.5 million a week, then the money runs
out about when the drill program is over.
3 - They will come up with a resource estimate at that time They will not be
able to know what lies at depth. That's the jiggy worm.
4 - Preparation complete for major to buy.
Simple
I saw this video portion also and QH was very bullish on the latest drill results. Yes, he correctly stated it takes time to drill it out (I am paraphrasing here) and said to wait for what they will have in two years. However, in my view, do not take the 2 years as if QH carved it out in stone. It was off the top of his head and I think what he meant was just wait as they keep piling up drill results as they complete this massive 400K program.
They are not going to run out of money and will not put themselves in that position. NFG has won the drill results vs. dillution race which is the biggest hurdle facing juniors. NFG stock price will continue to rise as the in-situ value grows month by month. However even at current levels, they can raise $80M with minimal dillution to existing shareholders. Pick a number.
My view, is that you may see a 19% investment by a major at some point vs. an outright buyout. If NFG demonstrates that we have more many more zones like Keats, the market cap of NFG will be much higher. Add a premium to that and not sure a major would go 100% into that. In any event, I can name many different things which may happen. The only one that matters to me, is for NFG to keep drilling, releasing assays, open up more zones and beef up Lotto, Golden, Done ect. and some in south Queesnway. This takes time but we have a long way to go in the 400K program. So, I am confident that my investment in 12-24 months from now will be worth a lot more. The I take a good chunk off the table. My average cost is a bit over $9CAD now. However, I am way up on SIC, so I can sit back on my only 2 juniors. Patience is as valuable when investing in juniors as finding the good buys. I posted a week or so ago, how charts can go, and referred to GBR. Things change very fast in juniors and in a short time a price can rocket for little apparent reason. GBR at one point tripled in about 3 months.
GLTA
BC