Impressive Insider Ownership:
Palisades (Collin Kettell) 27%
Eric Sprott 19%
Institutional / Management / Retail 54%
page 4:
Largest investment Eric Sprott has made in his career: $260M invested to date.
My hunch is, with such an enormous, contiguous claims package in Queensway / Kingsway, NFG wants to drill the heck out of all promising target areas to give the market an idea of how much and how long gold may be economically mined on this land. If they put out an MRE on just one zone (say Keats), the market may not appreciate the vast nature of the discoveries being made across the entire property. Perhaps NFG is looking for buyout (like GBR) where they just keep drilling until one or more majors make an offer that provides full value for the company (perhaps two majors partnering to make an offer on NFG, then split the claims between them...?). If NFG was going to go it alone, I think they would've produced an MRE for Keats by now and started working toward a Feasibility Study for a potential mining operation at that zone instead of simply focusing on more exploration drilling /assaying.