Post by
ronreagan on May 26, 2021 8:37am
MOVING FORWARD
Beaubie brings up a good, good point.
Does anybody believe we're going to be able to move up ad infinitum with just drill results every week? I don't make this point lightly, as I am VERY happy and grateful for these regular drill results. But, one MUST face the fact that ultimately we're going to get limited mileage out of these spectacluar drill results. At some point, Mr. Market will start saying (and wrongfully so), "another 150 meters at 150 g/t, who cares, show me the money."
To me, the ONE thing that will open this play to the BLUE SKY is notice of a pending deal to purchase an existing mine. Here's some math for you:
Spectacular drill results + a mine to process the ore = WEALTH BEYOND YOUR IMAGINATION
No linear regression anlysis to figure this out.
HINT: In a recent interview (forgot which), QH seemed to be making a BIG DEAL out of playing COY, saying (and I am paraphrasing), "Huh? There's a mill owned by Maritime Gold in the vicinity [within 140 kms of NFG] and there's a lot of gold ore in the area that needs processing? Curious." And then there was a short moment of silence.
To me, THAT is as close as you can get without directly SAYING out loud that you're negotiating to get that mill.
I could be all wrong - but I'll try to find that clip when I get a chance and post it.
Comment by
Global1966 on May 26, 2021 8:44am
Ongoing drill results with spectacular grades will improve the amount of ounces that Keats holds. QH said in one of his interviews that high grade deposits are worth $300 to $700 to the big miners. The issue is whether the controlling shareholders are flippers or want to put the deposit into production. I hope its the latter as the capital cost is fairly low for the initial open pit mine.