RE:RE:Interest Rate Drops Are Great For Junior MinersOr Don't Sell........keep this like Erich Sprott intends to do. Keep it in his family for a very, very, very long time. Erich Sprott believes Queensway will be being mined for decades to come. And, that is how qold will continue to be found on Queensway over the coming years...decades. ...As they mine, more gold will be found, just as it has happened at Fosterville mine in Australia.....NFGs doppelganger......though likely much smaller doppelganger.
The question will be, will the retail shareholders be given the opportunity to go along for the reaaallly loooonnnnggg ride?......
When I posted in the past that the Net present Value of NFG being $100 USD plus ( other posters have posted similar net present values) these figures are arrived at from the very long term, but only for discovering and mining 15-20 million ounces of gold over time......this stock is both an aggressive growth opportunity stock, and at the same time, being a defensive, undervalued asset investment.
What will the eventual wealth generation effects be of NFG if they discover MORE than 15- 20 million ounces, as some posters here and experts that follow the Canadian Junior gold exploration stocks believe will be the case for NFG?.......well, my analysis says the Net present value could be far above $100 USD.....but, it will take years and years for this to all play out......that's why this is a looonnnggg term investment.