As for FRG, forget Sandman, forget North Umberland, forget Aurora (uranium), forget Newmont, forget the politically stable locale, forget the cash hoard for now... this is about Long Canyon.
Of course, I would not personally be buying this stock at 7 bucks which is a primary advantage of committing to owning something you perceive as a bit special, regardless of price; I don't have to worry about it.
A chart is included here for fun but really, they will not pry this gem out of my greedy hands. There were reasons (noted in the newsletter at the time) I bought it at 2 bucks when so many were puking it up. The stock was immediately written up as "NFTRH's top gold stock" and "investment grade". The reasons are becoming confirmed with results. I will let the fundamental guys value it for me going forward, but given that we are nowhere near where we are going in gold, I am nowhere in the same time zone as the thought of selling it, even though it is somewhat overweight in the portfolios.
I guess I took quite seriously my perceived mistake last week (we're all learning all the time, yeh?) and it is good to see a stable full of quality explorers and juniors sitting there appreciating as Ben attempts to burn his way out of his mess.
Given that I seem not to be able to get off the Fed's treasury bond operations, I guess I must perceive this as very important. So much so that I think NFTHR98 is going to try to look at the US situation in comparison to the emerging and productive world.
It is not for nuthin' that another global emerging market fund was initiated today in NFTRH's slow but ongoing process of getting ready for what comes next by being in gold positions first and foremost, but also casting its view into the whole, wide world. The changes may not take as long as some of us - myself included - may favor.
Okay, the 'yey, look at FRG!' post rambled down another road. But really, these roads are all related in the face of the desperate events going on with our genius academic policy makers and their paper bonfire.
