RE:A Precise Concentration Index of QWN ImplicationsExcellent post , Nozzpack!........
Clearly.....clearly........NFG stock is AGGRESSIVELY MANIPULATED by the Short position.....I think almost all the shareholders acknowledge this at this point, including Erich Sprott, whose response to this niche industry practice of trying to Short, mostly small market cap junior resource exploration stocks into oblivion, has been to start a group called ' Save Canadian Mining'.
Why is the Short Position/Player so persistant with NFG, particularly given the unrelenting progress NFG has made, along with ALL the experts in Canadian mining indicating that NFG is on to s very significant gold discovery?.....We simply don't know. Your analysis of how much gold has already been found, just at shallow depths, amenable to open pit mining, the least expensive method of mine development, is a reasonable guide to how much gold may have already been found just to shallow depths, and just upon a small fraction of the QW property.
The illegal tactics of Naked Shorting, by the professional Short Players, and the abandonment of the 'uptick rule', where Short Players used to only be able to Short stock on an uptick in their target stock's price which they are trying to destroy, gives the Short Players the ability to sell, sell, sell, as they drive the price down, using their ample capital to overwhelm retail buying demand for almost all of these tiny resource stocks. NFG, obviously, us much much larger than average, and has become widely recognized for the probable large deposit size they have already discovered, though not formalized through resource estimation studies.
If the ' uptick rule' was still in force, the professional Short Players who have made a niche industry out of trying to destroy little resource exploration stocks/companies, these predatory professionals would have a much harder time driving down the stock price of their targeted companies they are trying to destroy.
For NFG shareholders, the ongoing, apparently determined, presence of the Short position in NFG, small as it is in regard to the tiny percentage of shares sold short, have been the bane of shareholders, as the steady advancement of progress in discovering a very significant gold deposit just on the tiny fraction of the Queensway project (QW) at the extreme north of the property, which we refer to as North Queensway (NQW), has occurred in unrelenting fashion.
While this Aggressive, predatory practices of the Short position against NFGs stock price is painful to shareholders, ironically, it has also allowed shareholders to continue to accumulate NFG shares at much lower prices than would be in existence if the persistant destructive actions of the Short position Players had not been in existence. I imagine that the current share price of NFG might well be double or more, currently, if not for the persistant, ongoing attacks by the Short Players.....again, why are they here? The risk reward calculation seems absurd to be Short NFG. Yet, here they are.
The progress of NFG in developing the QW project has been as steady and reliable as freight train moving forward on its tracks. I cannot cite any fallback or failure that NFG has made in this record of unrelenting progress.
If NFG is just in the early stages of defining what may be one of the biggest gold discoveries in Canadian history, the professional Short Players have likely given a gift of an opportunity for investors.
NFG is a very long term investment, IMO. The proper way forward is to get mining ASAP using Maritime Resources Pine Cove mill, allowing gold production to finance ongoing development of the massive QW project, which will take decades.
My understanding is that by using the Pune Cove mill, production could start quite quickly, maybe in as little as a year. Plus, this would be the cheapest way to start production, gain significant cash flow from gold production, at minimal cost. Of course, care must be taken to get everything right, but, getting substantial cash flow frombthec1400 tomn per day processing mill at Pine Cove would likely be able to fund much, possibly even all of NFGs ongoing exploration costs, and possibly even enough cash to fund the building of their own mill at QW. And, such cash flow might well justify the issuance of loans enough to build NFGs own processing plant, if cash flow from tge Pine Cove processing is not enough to build their own mill while they continue to fund exploration activities. This m8ght be the most likely path forward.