RE:RE:RE:NFG is tying up all the loose ends…..Technically, of coarse you are right. Any Brokerage House would classify NFG as, technically, a speculative investment.
But, which is safer an investment.
A Big Gold company producing gold at say 1.5 grams per ton, with 5 operating mines, 3 of which are in 3rd world countries where Leftist corrupt governments can pander to their constituents, and make confiscation policies against your mine facilities any time, out of the blue. And, they have dwindling reserves, and are going to need to acquire new gold reserves thru buyouts, all in a quite possibly rising gold market.....Also, three of their mines are located in remote locations, with high costs for labor and logistics, and they need their own diesel operated generators for elecelectricity.
OR
NFG
where all signs point to large reserves already found, and likely more to be found many years into the future.
Located in a moderate climate, smack dab in the middle of civilization, with an experienced labor force able to drive from their home to the site daily.
Reserves are likely quite high grade gold, explained by Erich Sprott, an expert in this subject, that high grade gold at Queesway may be many,many many times more profitable than the average gold mine.
NFGs QW is located in Canada, in a historically less prosperous province, that is Hungry for new industry, and has a Long history of mining in Newfoundland. And, the govt has STATED they WANT 5... FIVE ...new mines developed in NL ASAP.
NFGs QW project has no prior claims of ownership interest by any Native America Tribes, or any historic clean up risks from past mining, and Newfoundland is considered one of the safest governmental locations in the world for developing mining facilities.
Maybe I missed a few advantages of NFGs.....how about logging roads already existing throughout the QW property. Or a nice comfy camp already built on the south end of QW.
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So, which is more speculative?
Some Big Gold outfit with all their built in, LEGACY risks, AND lack of reserves and low grade at that......or NFG, with all the advantages they have, and only needing to Prove Up the reserves they have, and get into even limited production, using the Maritime mill and low cost start up costs?
I would say that NFG is not all that risky, and it has a very high probability of very substantial upside.....Very substantial.
The Big Gold existing producer has LOTS of problems they need to solve, and Black Swan derogatory events possible at any time.