RE:Bob MinerI think your math is correct on the ultimate valuation of the shares of NFG....IF they remain independent and mine Queensway by themselves, or with limited participation from partners ( keep it to 10% or possibly somewhat higher).
Assuming only 15 million ounces is found and mined from QW through 2037, and gold gradually rises to $3000 USD, and then NFG disbands, I calculated that the Net Present Value of NFG shares would amount to $110 USD.
This was just a 'what if' scenario I mideked and calculated two years ago.. I would expect that under this scenario of NFG staying independent, that much more than 15 million ounces would be mined and that NFG could enter the ranks of BIG GOLD, but be a much more dynamic company.
Thus, I view NFG as being both a tremendous growth stock situation AND a tremendous value play, as the gold stocks are THE MOST undervalued category in thevinvestment universe, by far, I assumrle., and these gold stocks are more undervalued than at any time in history.
And, this doesn't even include the notion that gold is being adapted by central banks, and many peoples around the world as THE safe haven investment....this time it IS different. There IS a definite purpose for gold as an investment.
So, for NFG......
Don't SELL OUT to BIG Gold !
BECOME BIG GOLD ! ....but become a new, innovative version of Big Gold !
Stay independent and develop Queensway, all the while gold is being propelled to new high territory. We are in the midst of a sea change in government insolvency and massive debt and fiat currency dissolution. Gold is the antidote to all this SEA CHANGE, and it would be the hight of stupidity to SELL Queensway in such a world changing environment. KEEP QW intact within NFG, and let gold appreciate dramatically while NFG develops QW IDEPENDENTLY !