RE:RE:RE:RE:RE:RE:RE:Dixie"The NI 43-101 Technical report is released annually. There is no NI 43-101 feasability study at this time, nor, is there likely to be until exploration drilling is completed and definition drilling is completed somewhere. NFG is still in exploration mode and has no plans for a NI 43-101 feasability study at this time..."
I agree with Retired here. I believe NFG will just keep drilling and assaying for the forseeable future and this is the right way to go IMO.
With the 3D Seismic Survey commencing in early March and results expected sometime in July with analysis targeted to take place shortly thereafter, NFG should be armed with a very good overview as to where to place their drills along with the angles and depths that maximize their chances of pulling the richest cores. Thus, In my view, there is absolutely no rush to begin a PEA or PFS, much less a FS on any zone. Let the drill bit do the talking and continue to grow NFG's assay database (much like GBR did). Don't forget, GBR had, what was it, a two or three year head start on NFG in terms of drilling and assaying Dixie, and they never produced a FS before the takeout by K.
Getting the most out of the upcoming Seismic Survey should be the priority for the second half of 2023.