RE:RE:RE:RE:"Jewelry Boxes Defined"Not as easy as you would think. My understanding of Canadian mine permitting is that if the land package is all held in common that NFG would need to do a FS on the entire property, not just that single area that you are mining. On top of that, all of your facilities (processing, tailing piles, etc.) would need to be consistent with your defined resource and mining plan. That would leave NFG in a situation of having a small inadequate operational facility that they would eventually become a sunk cost because of its inadequacy. On top of that, your defined resources for the entire property (because of the permitting requirements) would look miniscule. Sure, they could do continued exploration and try to amend the mining plan every year or two like other operating mines... but if you look at those operations, the market never values them based on the undiscovered resource, rather on operational performance.
If NFG is going to move to production (which granted they may end up doing - I don't discount the possibility although I am not currently seeing it), it is not something you do halfway on a little low-cost piece of the overall property.