RE:RE:RE:Looks like I started something. I stand by my words.Mining companies buy assets to eventually mine, monetize and make a profit on. Everything Barrick and Agnico are making a profit on today they bought long ago. A mining company will pay market value for NFG but not book value because there is no book value. The relationship between market value and an escalating gold spot price today is weak. The relationship between book value and an escalating gold spot price today is very strong.
Why are we here? To get a buy out higher than the current market value or to be the holders of gold in the ground which eventually will be monetized for high profit like Fosterville and Kirkland Lake before us.
Do not buy NFG hoping to cash in on an escalating gold price. It is the wrong type of stock altogether. You want to buy a producer with production worth book value.