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NORTHQUEST LTD. V.NQ

"Northquest Ltd is engaged in the exploration of gold and other metals."


TSXV:NQ - Post by User

Post by BILLMINERon Oct 17, 2012 10:29am
158 Views
Post# 20492913

speculation

speculation

With hopefully true widths of 100-125 m in some of these holes, and even 100-200 m of strike length it doesnt take long to build very good tonnage. Im hoping for an avg of 2-3 g/t Au. Hopefully this will prove to be a large tonnage open pit scenario with high grade at core and depth. If you take a strike length of 200m, width of 125m and a depth of 250 m, you come up with approx 16.5 million tonnes, and say 2.5 g/t Au. = 1.3 to 1.4 million ounces. times say $40 per ounce valuation= 54 million market cap on the resource alone. Of course this is all speculation, however after looking at Inco holes and the widths and grades encountered along a 250 m strike length it isnt too far off, especially as I see wider core (NQ vs smaller core of Inco drilling)  picking up better grades. Seems to be better grades at depth especially in the core of the diorite within the mineralized horizon. ie; high grage intervals at depth in hole PB  12-11. Inco did not intercept these at depth. Of course this is all speculation, however it has some merit.

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