RE:RE:Trucking costs to Pine Cove Mill
nozzpack wrote: So, transportation costs of QWN ore to the Pine Cove mill is not restrictive as it would cost 1% or less of the market value of that transported ore.
The Pine Cove mill has peer equivalent gold recovery rates, is operational and has more than sufficient capacity to toll mill 100,000 ounces of QWN ore .
The 700 tpd Nugget Pond Mill adds more capacity and could be expanded to 2200 tpd if
Maritime acquires Teck's Duck Pond mill.
Forget toll milling QWN ore outside Nl.
The NL Govt Policy is stridently to process within the Province if processing capacity is available .
So, what possibly can be holding up a decision by NFG to begin early production and/ or bulk sampling of one or more of the shallow open pittable QWN deposits ?
Insuficient Drill data for in-house resource estimation ?
Mettalurgy uncertainty ?
Have not yet completed economic analyses of such a decision ?
In house resource estimation inconsistent with assay imprint ?
Too much work, so will continue with the current lifestyle management model ?
Lets make it clear , at least in my opinion as to the current market mailaise when it comes to the very low rating of pure exploration plays like NFG .......Such a move would see at least a 50% re rating of our market cap.
Even better longer term , as it would make redundant the endless need for further equity dilution once producing cash flows begin.
The production metrics would also confirm that QWN merits the premium grade imprint of dozens of spectacular bonanza intersects that have distinguished this play from most other conventional discoveries .
Taken together, the boost in investor confidence halo of such a decision would be transformational to our capital investment here.
Whats there not to like ?
Or, will we continue to Float , Bloat and Hope ?
Some idea of the latter option can be had from our management sibling NKG.
It just announced yet another equity financing at just 35 cents.......versus 45 cents for its recent predecessor .
Its share price is also in retreat much like the exploration malaise affecting NFG .
Its your capital that is being managed by this NFG management team .
It is the first priority of any responsible management team.
Else, why are you invested here ?
Wake Up !
If you are unhappy about your investment here , let your voice be heard.
GLTA
Whats there not to like ? From nozzpack my response in brackets
Or, will we continue to Float , Bloat and Hope ? (This is your approach to maritime )
Some idea of the latter option can be had from our management sibling NKG.
(You are putting the cart before the horse )
It just announced yet another equity financing at just 35 cents.......versus 45 cents for its recent predecessor .
Its share price is also in retreat much like the exploration malaise affecting NFG .
(agree jr have been out of favour along with gold miners this is starting to change and gold gold miners and jr starting to move and in that order )
It's your capital that is being managed by this NFG management team .( I think they are doing a great job one example removing the topsoil at Keats getting to uncover the gold viens and being able to follow it at a fraction of what drilling would of cost at the same cost of drilling a couple holes they get to see and analyze what would of taken 20 or 30 times that in drilling that's using funds wisely and it's not bad to look at either not much to complain about there )
It is the first priority of any responsible management team. ( They are an exploration company and have to date done an awesome job finding and acquiring land exploring and drilling that land using the latest technologies to enhance their chances of finding gold zones and deposits ?They are now drilling to depth guided by some of the industries latest technology [3D siemic] no responsible decisions could or should be made on next steps until this has been done the more information you have the better the decisions will be in my opinion )
Else, why are you invested here ?Taken together, the boost in investor confidence halo of such a decision would be transformational to our capital investment here.( I have a lot of confidence in management Eric Sprott made this his biggest single investment in his entire life and continues to invest in NFG that is confidence in management
Else, why are you invested here ? ( Iam invested in newfound gold because in my opinion it is the best Jr gold exploration company there is right now to invest in .has a great land package with great infrastructure in a great jurisdiction fully funded drill results second to none great supportive major investors supportive goverment support of the local population yes and great management and on top of all that great management and the share price in my opinion is cheap and I feel the best is yet to come This is a very high level professional team that is guiding and managing this company that I Have tremendous confidence and faith in all of this is just my opinion )
Wake Up !
If you are unhappy about your investment here , let your voice be heard.
GLTA
Wake Up !
If you are unhappy about your investment here , let your voice be heard.
GLTA