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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 Aug 15, 2023 9:34am
190 Views
Post# 35588690

My emails with our BOSS.....

My emails with our BOSS..... I exchanged emails with our BOSS Mr. Salehi yesterday. He was (as he has ALWAYS been when I reach out to him) very open and willing to answer all of my questions. He reminded me that this deposit (Colomac) is still open in all directions both near surface and UG. He also stated sometime that I did not realize. If you look at the PEA they were able to extract/identify "700,000 ounces at 4.1 g/t" UG. That my friends is more than twice the grade for the entire deposit. He went on to say that these are only ounces from 300 to 650 meters in depth. Greenstone belts can usually go down to 1500 to 2000 meters (remember the Cudman used these numbers in the interview I posted a few days back) however it is hard to mine under that 2000 meter mark. He mentioned that if we had lets say a $ 1bilion market cap he "would not hesitate" in drilling at depth as there is tremendous potential there. So not only has our BOSS gotten us to 5m ounces and put out a tremendous PEA in 2 years time but he has also identified ONLY SOME SO FAR of the likely huge potential that this huge Colomac deposit seems to have UG. Capital structure and dilution is something he is concentrating on. I have been posting about how it appeared that he was doing this. Perhaps this is why there were zero warrants issued in the last raise and we will likely have zero by next May as the last of them expire at $1.50 Canadian. This removes an overhang on our share structure and keeps us at around 150m shares and about 5m options. By the way they can have much more as far as options but so far he has chosen not to which keeps dilution down. I for one would not mind one bit if he takes options to the max (I believe it can be up to 10% of the outstanding shares or 15m in this case but do not quote me on that) as it would incentivize his team to continue growing this asset. He mentioned that we now have an established, viable project in hand. Lastly he asked me what I thought our project would be worth with a feasibility study out and permits for construction in hand? The economics for this project speak for themselves. I thank you BOSS and I sincerely appreciate the open line of communication you have always been so kind to offer me. Salamati.....Tony PS. I hope you guys appreciate this information as I am VERY busy but always make time to keep all here informed with the same info I am able to gather....
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