Nozzpack, welcome to the boardPositive posters on this board will quickly be attacked. Just ignore the bashers and detractors. As for Retired Geo, the GGG believs he means well, but he is all over the place sometimes with a lot of nonsense. The GGG believes in past posts he has estimated that NFG has over 50 million oz of gold. if the GGG had the time, he could find that post. But, here are afew others that the so called Retired Geo expert has posted.
Post by Retiredgeoon Sep 11, 2023 10:44am
163 Views Post# 35629297
Back of the envelope calculation
In Crescat 114 the deposit was estimated at 169 million m3 at a cutoff of 0.23 g/t or 0.63 g/m3 (assuming a granodiorite density of 2.75 g/t). Assuming an average grade of 1 g/t, which is no longer unreasonable given the high grade core, that is 2.75 g/m3 which equates to 465 million g or 14.9 million ozs.
There is still room for the deposit to grow in several directions.
Comment by Retiredgeoon Jun 28, 2023 11:59am
96 Views Post# 35518652
RE:RE:And finally, GGG and all longs
It is not just the number of ozs in the ground, it is also the profit margin/oz. NFG gold is very high profit gold. Anyone who knows the Fosterville story knows just how profitable all of this gold will be.
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Post by Retiredgeoon Apr 25, 2023 7:47am
190 Views Post# 35411870
More math
12.85 g/t x 2.7 t/m3 = 34.7 g/m3
34.7 g/m3 x 47.9 m = 1662 g/m2
1662 g divided by 31.1 g/oz = 53.4 troy ozs x $2000 USD/oz = $107,000 USD/square metre hole
I think they can open pit something like that!
GGG here
Post by
Retiredgeoon Apr 25, 2023 7:47am 
190 Views
Post# 35411870
More math
12.85 g/t x 2.7 t/m3 = 34.7 g/m3
34.7 g/m3 x 47.9 m = 1662 g/m2
1662 g divided by 31.1 g/oz = 53.4 troy ozs x $2000 USD/oz = $107,000 USD/square metre hole
I think they can open pit something like that!