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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Comment by Gangstermeon Apr 25, 2023 7:55am
94 Views
Post# 35411892

RE:What does a stick holder know about mining

RE:What does a stick holder know about mining

And you are so smart to have figured this out....all by yourself? What does it cost to mine a tonne of rock open pit versus underground? Do you have even a semblance of a thought re this? 

Yes, there is a significant more material mined, however only the view and adjacent material needs be run through a mill, the remainder is waste. One of the geologists, goes around marking the rock pile even day or more fre as required, indicating to the shovel operator which rock is loaded to go to the plant and which to the waste dump.
For those of you that want to take the time, call your local quarry operator and ask for a quote for crushed stone. If they are asking more than 10$ a tonne I would be very surprised. This might give some of you, those with an open mind, why retiredgeo is so pleased that the continuing drill results show the potential for open pit mining of this deposit, at least at the start of any mining. Costs are low and cash flow can also start much quicker. 

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