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National Fuel Gas Co NFG

Utilities Utilities - Regulated Gas
National Fuel Gas Company is a holding company. The Company is a diversified energy company engaged principally in the production, gathering, transportation, storage and distribution of natural gas. Its segments include Exploration and Production, Pipeline and Storage, Gathering, and Utility. The Exploration and Production segment is engaged in the exploration for, and the development and production of, primarily natural gas in the Appalachian region of the United States. The Pipeline and Storage segment provides interstate natural gas transportation services for affiliated and nonaffiliated companies through integrated natural gas pipeline systems in Pennsylvania and New York. The Gathering segment builds, owns and operates natural gas processing and pipeline gathering facilities in the Appalachian region. The Utility segment provides natural gas utility services to customers through a local distribution system located in western New York and northwestern Pennsylvania.


NYSE:NFG - Post by User

National Fuel Gas Co > Take another look at NFGC 21-182 and NFGC 20-59
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Comment by AlwaysLong683on Aug 10, 2022 7:31pm
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Post# 34886786

RE:RE:RE:RE:Take another look at NFGC 21-182 and NFGC 20-59

RE:RE:RE:RE:Take another look at NFGC 21-182 and NFGC 20-59
Retiredgeo wrote: Words are relative.  NFG will never have the square kilometres or the volume of gold ore Snowline will have.  Snowline is going after an entire mountain of Gold ore!

The Queensway property is vast but high grade gold is currently restricted to narrow veins along the Keates-Lotto corridor.  The ore grade is high but the volume is low.

Your bias against low grade deposits is noted.  All of the big mining companies of the world disagree with you.


In my view, the two biggest criteria for gold mining success (open pit or underground) is size of resource and AISC. The ideal would be a great combo of both, enabling a producer to operate very profitably for many years. Which other mines were more profitable than Fosterville's Eagle and Swan zones over the past 5 years? How about Macassa's South Mine Complex in the 2010s? What did these two have in common? Ridiculously high grade zones. Yes, lower grade, high resource life zones can be very profitable too, but at the end of the day, size of resource and AISC are the deciding factors when discussing great mines, and mind-numbingly high-grade zones have been shown to be big winners too.
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