New Found Gold Corp V.NFG

RE:Wow filling the board with nonsense again

[DanWarren]

I know a couple of the posters here are peeved with Nozz.....but, in my view, there is no way Nozz is on team Bucco.<br /> <br /> I&#39;m invested in NFGC and PALI, as simply a cheaper way to buy NFG shares....so Nozz using PALI as his vehicle to invest in NFG is not a fair criticism, either.<br /> <br /> If you haven&#39;t noticed by now that Nozz is an excellent release, and his reasoning powers are first rate, I think you guys are being paranoid&nbsp;<br /> <br /> Granted, Nozz has a vested interest in Maritime, and thus it behooves him if NFG uses the MOU with Maritime to do toll milling, at least for a while....so what.<br /> <br /> I&#39;ve disclosed thar I bought Maritime ( MAE) shares right after the MOU last year. To me, it just made perfect sense for NFG to use MAE as an interim way to process ore before NFG builds its own mill.<br /> <br /> The thing is, we just don&#39;t know how the mining of Queensway QW is going to unfold.<br /> <br /> There are many paths it could take to get QW into production.<br /> <br /> Some investors here are &#39;hot to trott&#39; to get a total buyout of QW....they want their windfall NOW.<br /> <br /> I keep saying that NFG is in the Catbird Seat, and it behoves the interests of NFG and its shareholders that NFG continues S l o w l y on the path of defining the likely vast resource contained within QW, and developing this resource on its own.<br /> <br /> I don&#39;t give a dam if Big Gold doesn&#39;t want NFG to start mining independently....they don&#39;t own NFG, and of course they don&#39;t want NFG to start down the path of independently mining QW....F &#39;em.<br /> <br /> It is obviously in NFGs interests to begin to mine QW independently. Quenten Hennigh even as said thus in a recent interview.<br /> <br /> In fact, it will likely take years and years to determine how much gold is on QW. So, with gold in what I think many of us realize, a long term, dramatic uptrend, time os on NFGs Side.<br /> <br /> So, I think the BEST course for NFG in developing the massive QW project, is to LIMIT any participation by Big Gold to as small a percentage ownership as possible, as an alternative way to finance development and exploration of QW....And, get into production as quickly as is feasible, with using very deliberate planning to get initial production as smooth as possible. ...mining will generate great cash flow, and solve the problem of funding ongoing development and exploration.<br /> <br /> Remember, NFG is in the Catbird Seat....NOT Big Gold !<br /> <br /> Big Gold has dwindling, and low grade gold deposits, many of which are in unsafe jurisdictions, with rising animosity to the USA, and Western nations by extension.... the BRICS are fighting against the US Dollar, also riskung making mining permit terms more difficult for Western gold mining operations as&nbsp; a corrolary.....so, Big Gold wants deposits in safe territories. ...Big Gold WANTS what NFG has.<br /> <br /> But, that doesn&#39;t mean they will pay gigantic premiums above current prices to buy out NFG. They&#39;ll want in cheap.<br /> <br /> I say &#39;screw em&#39;. ....let them buy in&nbsp; for 10% say, but at a solid premium to current prices.....as a way to get out of the bind of constant financing with the sale of shares.<br /> <br /> A limited buy in might be able to raise enough cash to get into production. With further development and a plan to mine, Maybe NFG can even borrow enough to get into production, if a limited buy in from Bog Gold is not enough to cover all the costs needed.<br /> <br /> I still think that using MAE as the toll mill operator is a very reasonable way to get production going at mininal cost, and get generating cash to get out of the dilutive funding merry go round.<br /> <br /> Here&#39;s the slogan that I think makes sense:<br /> <br /> Don&#39;t SELL OUT to BIG GOLD. -&nbsp; BECOME BIG Gold !<br /> <br /> NFG is in the Catbirds Seat.....time is on NFGs Side.<br /> <br /> Stay as independent as possible......and aim to keep as high a percentage ownership in QW as possible.<br /> <br /> It is very much in the interest of NFG shareholders, lerge and small, to keep as close as 100% ownership Of QW in NFGs hands.<br /> <br /> There is no point in arranging a total buy out of NFG now. That would be selling out just as the party is beginning for gold. A few years from now, gold could easily be double where it stands today, and gold related stocks a number of multiples of where they trade at now.<br /> <br /> Selling out to BIG Gold NOW would be a monumental wrong move.<br /> <br /> In fact, don&#39;t sell out...ever. Stay independent and mine QW<br /> <br /> <br /> <br /> <br />