RE:RE:RE:RE:RE:RE:RE:RE:RE:.23 cent gap as I have said, more likely will get filledlikeike wrote: Surething1111 ....I really believe SIC to a mini-me to NFG ...They have at least one
jewelry box and NFG at least 3 so far. I sorta wonder how big they really need to go
with mill size as these deposits are so rich and in very tight areas.
Fosterville is still more in the 20 to 30 m wide and getting pretty narrow in some places.
The consistancies in these structures is so amazing and so hard to quantify
but redunkulously cheap to drill.
I think Fosterville only proved up 2 mill oz but has pulled out more than 4 and still going
strong.
I own NFG also NFLD and LAB also. Only SIC and NFG have put out the blow out
holes consistant with epizonal orogenic systems but sure hope others do as well.
All hail NEWFOUNDLAND. IKE
Agreed Ike,
Apologies to Sic longs but going a little off topic here, but still very relevant for Sic
Just as well that drilling is relatively cheap, because it takes so much drilling to outline these deposits.
Regarding Nfg, I'm going with an average ore grade exceeding 10 gpt.,........ because of this we have an excellent economy of scale, for instance a 10000 Tpd ball mill can process 3.6 million tonnes of ore per year yielding over 1 million ounces of gold per year.
One million ounce producers generally have a much larger scale due to the processing of much lower grade ore. 50-100,000 Tpd Mills are typical. These savings are not just felt on the milling end, but Cascade thru out process of both mining and transport of ore. I fully expect that due to the low capex, and overall savings on mining and processing of ore that AISC will come in at well under $500 per ounce.. Feasibility should be a no brainer.
Couple the above with a mine life well in excess of 20 years, and Newfoundland's mining friendly approach, I see a company that could be sporting a 15-20 billion market cap in 5-7 years.
Lab,. Has very real possibility of hitting big at Golden glove. Appears that the Appleton fault sweetspot extends to the southern portion of labs property.
Nfld.........no comment.......;-)
Sic........ potentially best bang for buck at these prices
K9.…..... Keep an eye on
Best
S