RE:RE:RE:Gold Price is in War Time TerritorySnowline's Valley deposit is vast. Estimates range from 10-15 million ozs. It may indeed be deep but the high grade starts at surface. Expensive is irrelevant for it is a high profit, multigenerational deposit. Furthermore, it is open pit which is exactly what the majors want. There are already such mines in Alaska such as Fort Knox and they have been very profitable for decades. There are no fatal mining technology hurdles.
I'm not knocking NFG and I'm not knocking SGD. They have two very different kinds of deposits on opposite sides of the continent which appeal to different kinds of miners. I'm invested in both and I do not consider them to be competitors..