RE:RE:RE:RE:RE:Take another look at NFGC 21-182 and NFGC 20-59AlwaysLong683 wrote: Retiredgeo wrote: Words are relative. NFG will never have the square kilometres or the volume of gold ore Snowline will have. Snowline is going after an entire mountain of Gold ore!
The Queensway property is vast but high grade gold is currently restricted to narrow veins along the Keates-Lotto corridor. The ore grade is high but the volume is low.
Your bias against low grade deposits is noted. All of the big mining companies of the world disagree with you.
In my view, the two biggest criteria for gold mining success (open pit or underground) is size of resource and AISC. The ideal would be a great combo of both, enabling a producer to operate very profitably for many years. Which other mines were more profitable than Fosterville's Eagle and Swan zones over the past 5 years? How about Macassa's South Mine Complex in the 2010s? What did these two have in common? Ridiculously high grade zones. Yes, lower grade, high resource life zones can be very profitable too, but at the end of the day, size of resource and AISC are the deciding factors when discussing great mines, and mind-numbingly high-grade zones have been shown to be big winners too.
Nfg reminds me a lot like Pvg- Pretium resources. High grade and no one could understand it till they started mining it and then it got bought out. Looks like this may end up going that way but hopefully gets bought out before they have to mine it