RE:RE:Is this the Snowline and nfg board?Goldziggy wrote: Ok thats perfect. Go play on the filo or snowline boards then and teach them your ways. Why would you waste your time on nfg if they are so overvalued and going nowhere? Oh ya its cause Nfg actually has the gold and lots of it and you know it unlike all these other stocks you guys like to promote on here.
BuccaneeerIlnd wrote: Lets put this topic to rest once and for all. Bucc has Introduction to Counting It School too eh.
So, In laymans terms. Snowline actual assay and not speculation about what assays will be on a 400m hole :
168m ,1.25 gm, density say 2.3 t/m3
Volume= 2 pi r sqrd x h = 2x 3.14x .0315x .0315 x 168m = 1.04 mt x 1.25 gm/ 31.1 x 1800 =75$/5 = 15 Mcmuffins in that drill core.
Market cap per Mcmuffin:
Snowline 15McMuffins for 262m market cap= $17.47m market cap per mcmuffin
Filo 206 for 2000m = $9.70 per mcmuffin
Nfg 7 for 923m = $132m per mcmuffin
Clearly nfg is way overvalued compared to filo and snowline is overvalued also but less so. More importantly filo will have way more tonnes than snowline, and infinitely more tonnes than nfg as retiredgeo and crux have both indicated upside tonnage will be hard to find with nfg.
In addition, BHP has their foot in the door with Filo and no doubt would love to buy out the Lundins. But why sell when you have a free ride for generations. Gotta look after Lukas's grandchilden eh. He would be proud.
So from now on you fellers skip the chatter about both snowline and nfg as clearly Filo is the better buy:)
Bucco
Really? Then tell us how many ozs they have and at what average
mineable grade because there is a difference between headline intersections and mineable grade.
Midget cowboy.
https://www.youtube.com/watch?v=S9ZbuIRPwFg
Bucco