Gold Discoveries since 1990.........Very illuminating article with excellent graphs show how rare significant gold discoveries have been in recent years compared to a couple decades ago.
https://www.zerohedge.com/news/2024-10-15/sp-it-does-not-bode-well-gold-supply
This is another harbinger of how NFG is in the Catbird's Seat ( commanding position, seat of highest privilege, has the upper hand) for any future negotiations on buy ins, or for being able to get the financing to independently develop Queensway.
And, of course, NFG still has the option to go ahead with the toll milling arrangement with Maritime, which would provide much, if not most of future development costs and exploration for the QW property. Such cash flow could be the basis for manifesting needed financing for ongoing development of mining production and exploration acivities, too.
I still think it is best for ultimately realizing the maximum value of NFG shares by developing mining independently, without Big Gold being included.
IF you allow Big Gold to BUY IN, say 10 to 20%, will there be terms included to eventually take over ALL of NFG?........Can ES keep his direct ownership of QW and still have BIG GOLD buy out the remaining shares of NFG?
The above issues are a KEY issue to be revealed to some degree, as to what direction NFG is going, maybe soon.
Possibly, if NFG COULD limit Big Gold participation in developing QW, that would be acceptable, giving a boost to the current share price, and torpedo the manipulation of the Shorts.
The Shorts must believe that they have the ability to control the share price of NFG. Their confidence needs to be smashed.......or, we just accept the manipulation of the Shorts, and regard the low prices as an opportunity for buying...and waiting for the inevitable recognition of NFG as a major deposit, so rare as indicated by the above article.