RE:RE:Guys.....A year ago gold was about 1800, where we are now. Between Jan and Dec it rose to within a hair's breadth away from an all time high at 2052. NFG was playing around 8.00 and rose back up to nearly 10 shortly thereafter, after releasing a bonanza hit of 69 g/t over 14 m at Golden Joint.
By the end of October, gold had sunk to 1622 and NFG to the 4.50 level. Inflation went crazy and a host of other world events occurred that shook everybody's confidence in parting with their money. Throw in there NFG's questions about their assaying methods coupled with long periods without new assay results, and the ones that were reported were mere shadows of the bonanza holes from the previous year.
There are no guarantees, ever, that a stock will climb and climb and climb clear up to a buyout. I was very optimistic as well about NFG and kept buying and buying. My wings were severely clipped along with everyone else's, by the unforeseen events of this year.
My opitmism for NFG now lies with a possible resurgence in gold prices, faster turn-around times on assays, and more bonanza grades from new zones like we saw at Keats West. The stock jumped on news from just ONE hole at Keat West from 4.90 to 6.47 in one week. A 32% increase. That showed me how desirable this stock is and how quickly it can react to good news. I believe it has a lot of potential to rise back to $10 with continued high-grade assays, especially from new zones.
And there are zones all up and down the Appleton Fault still to be discovered. If this was just a one-target wonder, the potential wouldn't be there. But the AF continues to show us that it hosts gold over considerable distances along its length, now on both sides of it. This is a gold district in the making, and another reason why I have stuck with it through this rough year, and why I think 2023 will be a big year for NFG and will bring the share price back up to $8-10.
All the best to everyone in 2023.