RE:RE:RE:RE:NEXG.v Appoints Industry Icon Frank Giustra as AdvisorCan,t speak for NF but I doubt with Giustra involved, financing will be a problem.
They could do more pp's or a combination of pp's and royalties and or bank financing.
I would expect more drilling similar to West Red Lake prior to any major financing.
The cheapest way to get the share price up at this point is to expand the resource and create more value, then go all in for financing and reopening. This will not be an overnight thing but as long as gold stays up at these levels, the outlook for NEXG is positive.
There is also the possibility of a another strong uptick in gold which could also create
more buying interest in these types of names that have a decent resource but are not
in production. I think Giustra was looking for another opportunity in Canada after
buying out Pure Gold. he started with BWCG and then saw Treasury so the two got
merged into Nexgold. Treasury had what Giustra wanted, a known resource that
could be put into production relatively quickly. Looking down the road, I can see the
two companies merge but for now, one step at a time for me.
MS