Post by
Gangsterme on Mar 26, 2024 2:00pm
Which is the greater risk?
Would it be a greater risk for a major mining company to buy them out now, or NFG selling now.
Neither knows what more exploration will discover. So is the risk that little more of economic value other than that what can now be implied, or that the deposit extends both horizontally as well at depth. My feeling is that they are not nearly ready to entertain offers. At the end of this summer much more will be known re the deposit and how it was formed and at what depth the gold extends. Many questions will have been answered. How to start exploiting will be more understood.And, at that time they will have to consider raising more money to continue exploring.
Comment by
DanWarren on Mar 26, 2024 4:00pm
Or raise money to start minong North Queensway NQW. Begin the process of creating cash flow....it may be enough cash flow to fund most of the costs of ongoing exploration/ development....and cash flow makes financing possible, too. Another way to stop issuing more shares. Cash flow moves the share price too, so less shares needed to be issued to bring in whatever funds needed.