RE:RE:RE:New Found Gold ($NFGC, $NFG.V) - Biggest New Gold Play in Cahi toller1,
that's the thing, at a Tier 1 pace of approx 500,000oz per year we talking many years based on all our assumptions...which leads me to some of your previous posts, at your age 65 how do you play this right ? or someone who is 40 or 70 ?
so at (a pure guess of) 20m oz that'll take near 40 years to mine, unless robots get involved. (maybe cybermen ? LOL).
bottom line is there will be many entry and exit points, or buy out.
best regards.
toller1 wrote: Acquisition is not a concern for me. They will drill this thing out like Swiss cheese 400,000 meters and more, prove up anywhere from 10 to has high as 20 million ounces of very high grade gold easy to mine and then sell it to possibly 2 senior producers. They will have to do more financing but shouldn't dilute the share structure to badly. This could sell from as low as 50 bucks a share to as high as 150 bucks a share. Right now everyone is just speculating on the amount of gold in this property. It is the most exciting play I have been involved in since Arequipa. A 10,000 share investment will set one up very nicely. So for me acquisition is the all that interests me and that is exactly what they will do when they prove up the size of this, and it will be big!