RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:100 smackerslikeike wrote: I agree, and as much as I like this property there isn't a snowball chance in hell it will prove up anywhere near 50 million ounces. I'm hoping for 40 bucks with both fingers crossed. It never hurts to dream though. GLTA
Well toller how many near surface epizonal orogenic systems have
you seen? We are compared an infinitem to Fosterville. That entire
sysytem so far is 150m and 200m down. At Keats alone we have
the chance to have 3 systems and along the entire Appleton fault
how many system will we find? How many will find on the JPB fault?
Why do you think we are spending so much time and resources
down south because there is nothing there? Why are we drilling
full speed with 9 drills when labs are so backed up? Why are we
then upping to 15 drills? IMHO you are just selling this company
short when they are still having problems getting their heads
around how much we have. We are in unchartered waters.IKE
LikeIke,
I agree. My rough and dirty calculation for NFG to get to $100 dollars is 50M ounces of measured and indicated. Not neccessarily proven and probable reserves but nevertheless.
That could happen in what, 20-30 years. LOL. That is not my expectations.
My reasonable expectation, applying a level of conservatism is a trading price between $30-$40 within 2 years. That would be my general expectation. From what we have seen in terms of assay results and multiple zones already, and if we get lucky on Queensway south and perhaps one or more of the other faults, then this is reachable.
Having said that, exceeding the above is possible however I try not to even go there since that clouds judgement. I view a difference between reasonable xpecations and hoping. If this or if that happens and the gold price runs to $5000. LOL. That is hoping.
GLTA
BC