Logic and reason will serve you better than emotion...How quickly this board went from quite and near morose to jubilant. And why? All over a one dollar pop in the stock price that was virtually inevitable at some point. Now we’re talking about buyouts in the billions of dollars. If the stock loses .50 cents, the board will probably go negative and start talking about making new lows. I highly recommend serious investors divorce themselves from emotional prompts on this board, positive or negative. Do your due diligence and stick with reasonable perspectives. Here’s what I think…
If management wants a quick payday, they can get it. We’d all make money, but probably be disappointed. If management wants a big payday, it will spend the necessary time and money building the resource. If they opt for that route, we’ll all make more money, but it’ll be many months from now. Finally, and this is where I think there is room for real big numbers potentially soon, i.e., in the next several months, NFG and all PM stocks might go on a super spike rampage off of a quickly rising price of gold. If you want your $10B buyout to come quickly rather than after many months of building a resource, then hope for $3,000 gold. That’ll be the only way, in my opinion, that NFG has the potential to be a ten bagger from here within the next year or so. But, if you don’t mind being patient and hoping management doesn’t sell to soon, then the big money is likely here within 3 years or so, even if gold stays around $1,800 to $1,900.
That’s what I think, for what it’s worth. There’s really no benefit in getting euphoric when the stock goes up a dollar, just as there is no benefit in getting despondent if it goes down a dollar. The value is there. We just have to let management do its job and cheer for a higher gold price.