NFG is in the CATBIRDs SEAT !( I posted this post earlier, but it didn't display properly. Ive already told the mods to delete the earlier post due to the display problem)
Some shareholders I know, and posters here as well, believe NFG is in substantive talks with Big Gold. They believe that the reasons for a number iof projects are do to fulfilling the requests of said Big Gold, such as:
Stripping the overburden of soil and till from Keats, and now Iceberg.
Doing the channel sampling (an alternative to doing an MRE, since they are not ready to do an MRE with deposit zones open in ALL directions, and the difficulty and automatic Big haircuts in doing MREs on nuggety gold systems.
Doing the seismic study (though this may well have been at the discretion of NFG, though Big Gold would want results from deep level drilling as well).
These are just some of the signs that NFG may well be in ongoing discussion with a Big Gold firm.
It doesn't seem to me and others that negotiations would be for a total BUY OUT. Rather some partial Buy In, or a smaller sale of a portion of Queensway ready for building a mine.
Getting a BIG wad of cash, and having a Big Gold company develop a mine ASAP, with profits shared by NFG could be a game changer for NFGs stock price. Such a deal might put NFG in a position to NOT need further equity raises.
Of course, the other very logical option for going ahead and getting SELF FUNDING for future drilling and other development would be to implement the use of Maritime's Pine Cove Mill to start mining ASAP.
This is the question. Is the MOU with Maritime merely a back up plan, in case MFG isn't able to negotiate a favorable deal with Big Gold for a Buy In?...Is this the reluctance of NFG to start mining ASAP, and get cash flow positive and either free from more equity raises through share selling, or substantially free from this?
Are such ongoing negotiations with Big Gold the reason for the mystery surrounding the path forward (i.e. partner in some way with Big Gold vs Staying Independent and implementing the Maritime toll milling option to generate large cash flows?)
The Maritime option of starting mining ASAP seems like a very powerful move by NFG. It might very well stop the manipulation of NFGs stock price by the Lil Shorty directed SHORT CAMPAIGN (and is this campaign being done on behalf of Big Gold?.i.e. a professional SHORT PLAYER of Canadian resource stocks being PAID to run such a campaign to suppress NFGs share price, and further a Big Gold company's negotiating position for a BUY IN?)
I prefer that NFG REMAIN INDEPENDENT to the greatest extent possible . IOWs, keep as close to 100% ownership of Queensway as possible. Remember, NFG is in The CATBIRDs SEAT !! (the favorable position, position of strength, superior position, etc.). NFG holds almost ALL the cards.
They've already found a lot of gold, way more than enough to know for all intents and purposes that Queensway WILL host high grade commercial gold deposits. It appears that all the experts familiar with Queensway acknowledge this. And, this is prima facia evidence that Queensway is a very valuable property, many times more valuable than the current market cap.
And, gold seems obviously in a very significant uptrend. How high it goes is the only question.
Thus, time us on NFGs side in developing QW. They don't NEED to sell even a portion of QW to BIG GOLD. In fact, the longer they go in developing QW, creating substantial cash flow from the Maritime toll milling arrangement, with all the while gold rising in price, possibly dramatically, NFGs negotiating power just keeps getting stronger.....NFG is in THE CATBIRDs SEAT!
In fact, NFG can reasonably follow this strategy, and stay 100% independent:
'Don't Sell Out to BIG GOLD......BECOME Big Gold!'