New Found Gold Corp V.NFG

Crux Investor's notes

[jimmymac]

Peculiar that we haven't been aware of this source of information before now.
It seems that they are missing the CRUX of the matter. That is, the mineralized 
zones appear not to be widely diffused, but are of vein structures, and mining for
 the most attracive return when making plans for production. longer term, will be
underground, and vein specific. Sure, some pockets near surface may lend
themselves to stripping open pits, but why take in masses of country rock, unless
 initial cash flow requirements dictate that plan.
Surely costs to ship and mill large tonjnages 200 miles distant would negate
the most useful, optimum return. Fleets of trucks would be required,and shipping might be
prohibitive,
Alternatively, mining underground, using their own mill, perhaps second hand,
would enable NFG to ship the concentrated gold, or else, dore , intermittently to the nearest
smelter. one truckload at a time.
.

[Retiredgeo]

There is an industry bias against underground mines.  A lot of experts, including Rick Rule, like to talk in terms of open pit mines - widely diffused zones not amenable to an open pit mine.  Some small open pits may be started here and there at Appleton North but this is underground mine country.  Fosterville is the model not some open pit mine in Nevada. The ore has to be

[bull_runz]

Open Pit mines are wayyy more expensive, and take longer to dig though ;)

[DanWarren]

There sure is a lot of FUD comments flooding in, now that the price of gold has broken out, and gold stocks perking up..... Your post is wrong RE NOrth Queensway being 200 MILES away from Maritimes Pine Cove mill. By truck, it's been stated the distance is 240 kilometers, which would translate to about 145 miles.  However, the Pine Cove mill is on the coast with a deep Water wharf as