RE:RE:RE:RE:RE:RE:RE:How Soon Could NFG start mining?
nozzpack wrote: An excellent summary of current opportunities and the mounting frustration of shareholders most of whom are now underwater including Uncle Eric .
Absolutely nothing is being done by NFG management in terms of aggressive and on point stock promotion .
No road shows, no banner ads on SH , no updates of implementation of strategic plans etc.
Its as though they are in bed with the shorts, as an early buyout advances their severance bonuses .
Depressed share price means cheap equity for Shorters to cover and for high net wealth investors .
And, no attempt to move off this penny exchange to the Senior TSX.
Assay fatigue now means that nothing will alter the slide and knee cap in the share price other than the iniatiation of a substantive strategic development , especially early cash flows.
After about 1 million meters of drilling , they should now have sufficient mensuration information On grade and key distribution parameters for one or more of their high grade shallow deposits to make that decision.
These are not low grade bulk tonnage discoveries in which gross margins might impair early ROC.
As Uncle Eric has often stated , transportation costs mean F all when grades are high .
NFG management are entrusted with nurturing and eficienctly advancing our investment capital .
In that regard, On a scale of 1 to 10, I would rate then just 1 ......how about you ?
where did you get the information that they drilled 1 million meters
they just completed thier 500,000 meter program and still have 7000 meters at the lab waiting for results
in dec they announced the additional 150,000 meter program that they say will be guided by the 3 D Siemic survey they have begun this drilling in January they also said they would be drilling to depth also guided by the 3D siemic survey
you say they have no plan Well I think this is spelled out in pretty simple terms
then they also have a plan to look into possible mining and hired a experienced professional to look into how or if this should or could be done
you talk about listing on the Toronto exchange as if this is the end all and be all the reason most jrs don't list there is it adds enormous expenses they are listed in Canada and the USA and until they
become a large producer saving the money and using it to advance the project makes more sense to me
U talk about uncle Eric I assume you mean Eric Sprott I don't think your quoting him as he said it
he high grades lower processing costs and increase margins not that transportation means nothing
I know you where trying to make your point for the mill and iam not against NFG using that processing mill I just don't think a decision could be made until substantial drilling from this latest announced drill program is complete and prove up the high grade at depth as the geology suggests