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Nighthawk Gold Equity Warrants Exp 6th May 2024 MIMZD


Primary Symbol: T.NHK.W

Nighthawk Gold Corp. is a Canada-based gold exploration and development company. The Company is engaged in the identification, acquisition, exploration, and evaluation of gold properties. The Company owns 100% ownership of more than 947 square kilometers district scale property within 200 kilometers (km) north of Yellowknife, Northwest Territories, Canada. The property hosts the Indin Lake (Archean) Greenstone belt. Its Colomac Gold Project is a large-scale, open-pit gold project in the Northwest Territories, Canada, about 200 km north of the capital city and mining hub Yellowknife. The Colomac Gold Project represents a series of high-grade open pit gold deposits, and gold mineralization remains open on all directions. Its grassroots targets with gold occurrences on its district scale property include Goldcrest Deposit, Kim Deposit, rizzly Bear Deposit, Damoti Deposit, Cass Deposit, and others.


TSX:NHK.W - Post by User

Post by tony1969on Nov 27, 2022 6:24pm
260 Views
Post# 35132413

How I justify my early 2023 MRE guesstimate.....

How I justify my early 2023 MRE guesstimate.....Look on page 9 in the Nov 2022 presentation They state: "NHK C$41M MC; OP MRE** 2.7Moz @ 1.53 g/t Au Updated MRE in 3-4 months". AND "**Hypothetical weighted-average grade of 2022 MRE1 OP mineralization in the Measured, Indicated and Inferred categories As of November 7, 2022." Those two asterisks indicate what they project if they factor in what they had (in the 2022 MRE) in OP inferred and are able to convert it into OP indicated. They are stating 2.7m ounces OP at around 1.53 g/t. Why would they go out on a limb and publicly say that unless they were comfortable with both the ounces and g/t OP? I just use a bit of common sense then factor in (for like the 10th time here) that we have an under promise and over deliver team at NHK lead by our BOSS. On top of that Mr. Salehi said in his latest presentation in Oct 2022 that they will likely be able to move some ounces that were before categorized as UG indicated into OP indicated after the 2022 drilling was complete and all studies were finalized culminating in the upcoming now early 2023 MRE. This is why I stand by my 2.95m indicated ounces (give or take 100k ounces) and 1.65 g/t (give or take .10 g/t). So anything between 2.85m to 3.05m OP indicated ounces and anything between 1.55 and 1.75 g/t is my range with a bit of a bias to the upper range of the guesstimate. Again all just my opinion. Is there really no one else here that has a guesstimate? I know by the number of reads that some of you likely do your DD (or at least follow the story here) and have a number of indicated ounces and g/t in mind....
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