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Nighthawk Gold Corp. T.NHK.W


Primary Symbol: T.NHK

"Nighthawk Gold Corp is a Canadian based junior resource company. It is engaged in the identification, acquisition, exploration, and evaluation of gold properties. The company is focused on Indin lake gold property. Its significant project consists of Colomac gold project which is located within the Indin Lake greenstone belt and is surrounded by company's existing Indin lake gold property in the northwest territories, from Aboriginal Affairs and Northern Development Canada. The company has comp


TSX:NHK - Post by User

Post by tony1969on Nov 27, 2022 6:24pm
261 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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