RE:RE:RE:The Business ModelI don't disagree with the takeover of NFG by one of the majors.
I own a solid position in NFG not nessarily for that reason but because it's eventual ounces will be well above 25 m ounces once the entire 110 km of strike is fully explored ....several decades from now
Whomever takes over, processing mills will still be needed and Maritime owns the only two gold mills with excess capacity .
It must be remembered that mining activity has been going on in the Baie Verte PeninsuLa for over 100
years and it's highly skilled miners have operated in almost every mine in Canada.
As for Pure Gold, totally inept management who put the cart before the horse....massive initial debt and beginning mining without doing the necessary infill mining to reduce the amount of waste ore being mined.
New management is smart enough to realize that..