RE:RE:RE:RE:crescat videoGreat Post thread........I will just add this....."We Dun Need No STEEEKIN Buyouts!!!"....... As both MC and Ike have pointed out numerous times before, NFG won't be able to PROVE how much gold is in the ground for years and years, and at Fosterville, they keep adding to reserves the deeper they mine.......and both have also pointed out that no BIG GOLD company is going to fork up Mega cash to buyout NFG, as they ain't gonna be paying much premium for the amount of gold that may eventually be proven........if NFG sells out to BIG GOLD, HUGE $$$$ will be left on the table for BIG Gold to mine over the years ahead. .....Quentin Hennigh said in a video some time ago, that he thinks there will be gold mining in Newfoundland 30 years from now......which implies that he thinks NFG is sitting on large deposits that may take decades to mine, as well at least some of the Penny NL Gold stocks, probably, too....... ........QH gave a very BIG PICTURE presentation of the history of the gold mining industry (maybe it was the most recent one?)......I'll post a link to it over this weekend......and, he pointed out that none of the BIG GOLD companies a few decades ago are still around, and the BIG ONES now didn't get BIG until the recent couple of decades........The point I'm making is that it will take a LONG time to find out how much gold is buried on Queensway, it may take quite some time for Gold prices to rise dramatically, because the govt and their BIG Bank henchmen deliberately cap the price of gold thru the derivatives market, and combine those two factors, and it's WAY better to have NFG remain 8ndependent, mine it's own gold, AND, become the GO TO buyer of the various Penny GOLD stocks in NL........ "We Dun Need No Steeekin Buyouts!".......It may take the rest of this decade, but, if gold rises to somewhere between $5000 to $10,000, and a few tens of million ounces of gold are proven up on QW North and South, and is being mined.......if NFG has been sold to a BIG Gold company years ago, all the shareholders here are going to be kicking themselves for not trying to persuade NFG major shareholders to have remained independent.
megacopper wrote:
likeike wrote: Megagold(soon to become Captain Electrum) great post as always but as I understood
QH made the inuendo that we mite be something else but a second burrito. Sonething
unknown and that is where I conjectured a enchilada refferring of course to not mentioning
the whole enchilada. What we may want to get on this board is a expert in Mexican
culinary cuisine.
I may very well want to discuss a Superduperbrurrito as opposed to a Golden Enchilada
with the RockDR if I ever get out to the rock (Dome as well).After a few drinks we may
very well invent a Godzilla Burrito and her baby godzillalets.
.
Biggest takeaway I got from QH we are now beyond the initial resource at Fosterville
of 3.3 mill oz and still open in all directions and of course with this latest hit have gone
off the 30 to 32 degree angle of the chute and as he said in a 3D pic have gone forward
Every time we drill we get more questions then answers but man they are all good ones
to have and to figuire out.
Absolutely amazing that the Keats alone is bigger than Fosterville and growing and we
have confirmed 2 more same structures with good hints of 3(?) more and a bigger fault
to explore and new region down south full of promise. How much can we possibly wrap
our heads around this. The relatively few of us that understand we are in unchartered
waters cannot sometimes feel like a deer in the headlights because we cannot comprehend
it all. Us few UWB shake our heads in disbelief when someone comes along to quantify it all.
It cannot be done and we can only declare ourselves to be Unchartered Water Believers
Best to all even the nonUWBs IKE
You know ike you and I have been long term believers that New Found Gold has something similar to Fosterville. I think now we must change QH's burrito model to the Enchilada Model as you so astutely point out because Queensway will undoubtedly be much bigger than Fosterville. It could be several Fosterville's just on Queensway North. We already have one Fosterville on the Keats Zone and we are only down to the 300 meter depth without even looking at Golden Joint and the Lotto Zones or the JBP Fault.
Like I have been saying all along it's the vertical component that will really propel Queensway to the Monster Godzilla status with a mind boggling amount of gold. And then multiply Queensway North by a factor of who knows what with Queensway South. It's the same Appleton Fault so most likely there will be several more high grade gold zones on Queensway South. Maybe more burritos and perhaps an Enchilada down there as well. Wow is all I can say because this is beginning to look so much better and bigger than any or us have ever dreamed possible
The potential of this property and the eventual number of jewelry boxes is absolutely mind blowing. Who knows for sure but most likely the entire property will contain tens of millions of ounces of gold worth 50 to 100 billion dollars of in the ground metal value. But it will take years of drilling. So what is that worth to a major gold company? Perhaps more than they care to pay so I think if a major really wants it they better move fast before the valuation goes way up to 10 billion and beyond. Just sayin!!!