RE:RE:NFGC-21-80 Results today First 19m is only 1.80g/tatchouk wrote: InvestAU1 wrote: I tried to break down the result of NFGC-21-80 where company reports 49.5m to 88.5m = 39.1m at 25.8g/t.
When you figure out the first 19m, it is only 1.80 g/t. But the company does not clearly states that and the low figures is masked out.
Width g/t
49.50 to 58.70 = 19.20m 1.80 g/t
62.70 to 72.80 = 10.00m 58.50 g/t
78.70to 88.50 = 9.80m 39.50 g/t
The company reorts
| NFGC-21-80 | 49.5 | 88.5 | 39.1 | 25.8 | Keats |
| NFGC-21-80** | 49.5 | 95.5 | 46.0 | 24.0 | Keats |
24 g/t over 46m lloks great as news head line but one has to be very careful in reading the headline numbers.
And the stock simply did not move much today.
And what? It just indicates that gold is distributed very unevenly in the ground. This is usual for such type of deposit.
BTW, even only 10 m at 58.50 g/t (without additional 19 m at 1.8 g/t) would be a mind-blowing result for 90% of mining companies on the market. But not for NFG. The company keeps providing exceptional results for a quite long time and the marker has digested it already. That’s why additional great results did not push the SP much higher. This a routine for NFG now. But it still crawls up gradually.