RE:Presentation day
AUSTIN48 wrote: NFG presented yesterday low volume and some movement in the share price.
The bullboard is comparing SGD to NFG however they are entirely different syetems.
My money is on SGD for multiple gains as my understanding is that NFG is very costly to drill and find gold systems.
I believe Scott presents today.
Both are great gold discoveries but like you say they are entirely different systems so it's not a very good comparison. NFG's orogenic gold system is extremely high grade narrow veins that is costly and difficult to drill. Very profitable once in production because you get a lot of gold from mining a small amount of rock. SGD is a reduced intrusion related gold system easy to drill with relatively low grade but huge tonnage.
I like both SGD and NFG. Although short term I think SGD has more upside potential in the share price as we await more early stage drill results. What Snowline has is absolutely huge and it's known to have very good metallurgy and the gold is evenly distributed throughout the intrusion with average grades in these systems usually between 0.5 g/t and 1.5 g/t however so far SGD are getting holes north of 2 g/t in the high grade core and one 146 meter intersection ran over 3 g/t which shows how robust this system is on Snowline's Rogue property. The Fort Knox deposit in Alaska is currently mining the last few million ounces at an average grade of only around 0.35 g/t so these gold deposits are economical at very low average grades due to the favourable metallurgy.