RE:RE:RE:RE:KeatsTheir current objective is to discover and flesh out gold zones without dwelling too much or too long on any one zone.
I concur with the apparent objective that NFG’s policy is to flesh out multiple potential gold zones.
However, there must be a time where there are diminishing returns for the SP, in locating more high grade gold zones, in contrast to selecting one zone for detailed drilling, in order to commence open pit mining.
As reported at various times, ES stated that it was not until high grade Swan zone gold revenues arrived at Fosterville, that the Kirkland Lake SP rose dramatically.
The management and shareholders are likely to be continuously monitoring the risk / reward of switching the focus to mining.
In my view, the location for the commencement of mining should be where there is a long strike of near surface gold. Both Keats West and Iceberg seem to be on course for qualifying for an open pit, but this is only a guess.