RE:RE:RE:NFG vs. SGD
AlwaysLong683 wrote: You are correct - Valley only has a small handful of assayed holes, and that's one of my points - predicting a 10M or 30M+ resource from such a small amount of hard data is very premature in my view regardless of the type of gold system.
I'll repeat what I stated in an earlier post: Is there any reputable geologist other than QH predicting 30M+ ounces at Valley alone this early? If not, is there anyone predicting 10M+ ounces? If so, I'd like to get the name of the person and online source of such a statement, because I doubt there is one at this stage of the game.
A detailed MRE (if one is eventually produced) will provide more clarity. Also have to convince a buyer of exactly how good / lucrative the economics of a potential mine building project at Valley will be given the factors I outlined in my previous post and, if taken out, at what price?
Stlll think NFG is less risky. Never said SGD has no chance of paying off big. Also think NFG will be taken out as Palisades / CK have been pretty transparent about not wanting to be involved in a mine build.
Again, time will tell......
Will all due respect please read up on the geology of reduced intrusion related gold deposits and you will understand why such predictions can be made. And simple calculations can quickly determine the amount of gold in an intrusion type system unlike the erratic orogenic high grade systems. When someone hits an intersection of 283 meters of 2.3 g/t in an intrusion type system with intense veining you better take notice. I don't want to discuss SGD over here on the NFG board. I am a shareholder of both. And yes time will tell. Both SGD and NFG have very different gold systems but both are world class discoveries that will have very positive outcomes. There is no doubt in my mind. Stay tuned.