So, life style management is gone…......and the MRE and PEA have been purged because, as I pointed out earlier, NFG already knows the answers so why foolishly pay for results that are all ready known.
It won't do anything for the share price because of the overhang of cost and timelines to get to first production.
That is, reality is now the primary driver of strategic develooment .
That reality is based on an equity conservative model that advances the company quickly to cash flows both for conversion from explorer to producer but also provides the highly critical empirical production indices of QWN discoveries
.
Takes about 5 minutes for astute new management to arrive at that asymptomic decision point.
So, an obvious hybrid model to achieve both objectives is acquire Maritime and its substantial processing and gold resources which begins commissioning within day, blended with the ultra high grades of Keats Trench et al.
Not unrealistic to generate 100,000 to 150,000 ounces in annual gold Productiion .
I mean with Iceberg averaging 20 grams per ton , just 70,000 tons per year adds 50,000 ounces to Maritime's endemic production.
Keats Trench averages over 1 ounce per ton ..even better.
Ronnie got his act together .
Mining crews and transport crews are available under contract via Maritime.
NL Govt is very supportive, what with all those unemployed miners at Baie Verte.
I ask you.....what other choice exists other than put NFG up for sale ?
Not Eric's way .
He knows value and that its maximum expression will come from fully developing what is emerging as a world class district gold discovery .
One other point.
Unlocking hidden value .
QWS contributes nothing to our enterprise value yet sentinel exploration resukts show considerable
promise for a variety of metals including gold.
Why not spin it out to shareholders including Sprott , as an investment bonus.
Easiy done .
NFG now stands about to be fully transformed into the great promise that its exploration discoveries have so plentifully delivered.
AIMHO
GLTA