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Nighthawk Gold Corp. T.NHK

"Nighthawk Gold Corp is a Canadian based junior resource company. It is engaged in the identification, acquisition, exploration, and evaluation of gold properties. The company is focused on Indin lake gold property. Its significant project consists of Colomac gold project which is located within the Indin Lake greenstone belt and is surrounded by company's existing Indin lake gold property in the northwest territories, from Aboriginal Affairs and Northern Development Canada. The company has comp


TSX:NHK - Post by User

Comment by tony1969on Jun 29, 2022 10:19am
70 Views
Post# 34790236

RE:Anyone awake in the pilothouse??

RE:Anyone awake in the pilothouse??Mrcreosote you make good points however here are some price targets and NAV's using only what NHK has so far shown up to the Q1 2022 MRE that make our current price laughable.  These targets are prior to the dilution we incurred in May 2022 . Laurentian has a $3.75C target using a $225m value for Colomac and $112m value for future exploration.  This future exploration value I believe is only used by this house to reach a price target. They used 1XNav to get to that target.  PI Financial has a $1.75C target using only .4XNav and an 8% discount rate with $1800 gold. Haywood has a $2.00C target using .9XNAV but it only appears to be using $1200 gold. Sprott has a $2.20C target using only .3XNAV a 5% dr and $1850 gold.  My point MRcreo is that even if you divide these targets by 3 you still get a double or triple from the current $0.40C we trade at today.  Did they drill holes that were not worthy of presenting in a release?  Yes they did and they mentioned it in one of their Sedar releases and on page 168 of the NI 43 101 they put out earlier this year. My point in other words is that these guys will have well north of a 2.5m indicated open pit  deposit at well over 1.5  g/t by the time we see the results of the Q1 2024 MRE.  That is a HUGE project. That is totally minable and will likely show a robust PEA when we see one. This is an exploration comapny.  Exploration being the operative word here.  You will not hit on every hole.  They are drillling as much as possible not to miss any region that can increase their near surface gold goals.  Was this a buy at $1.25C? Likely not.  Is is a buy here at $.40C.  Absolutely.  
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