OTCQX:NTGSF - Post by User
Comment by
Freezerburnon May 20, 2021 11:07am
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Post# 33237486
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:And this....
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:And this....stanjs wrote: GPY is part of my strategy of investing in preconstruction mines that will go to production during the gold bull market.
At current share price, it buys you Brewery Creek Mine:
1. Mining licenses (but needs to be extended or updated)
2 NI-43101 resource estimate
3. Simple mining and production method (open pit heap leach)
4. "Social license" (support from First Nation due to work done by Janet Sheriff)
5. Proven financier (William Sheriff)
6. Some mine facilities already built.
7. >50% below my estimated target valuation, high leverage to gold price
The only problem, is that Covid delayed everything by 1 year.
BFS should have been completed last year.
Furthermore, more delays caused by the Viva Gold debacle, shortsighted Viva shareholders who only value many grams/tonne of gold.
And another delay due to disgruntled former Yukon Govt employee, Christman.
None of these delays are due to geological mining issues that will kill the mine feasibility.
Well you've come to the right place if you like pre-construction. This company is permanently in pre-construction. In fact it should be called "Pre- Gold" And I'm not sure what the overall mining situation is in the Yukon, but in my area it is full on and has been for some time. Covid as an excuse for complete paralysis is kind of lame. Viva was obviously a bad match. All these delays are of managements own making.