Nighthawk Gold Equity Warrants Exp 6th May 2024 MIMZD

Primary Symbol: T.NHK.W

Metals & Mining Gold

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

Nighthawk Gold Equity Warrants Exp 6th May 2024

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Post by tony1969on Nov 03, 2023 2:19pm

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Post# 35716270

What my amateur goal would be next year for NHK...

 					Listen, NHK management is going to make this project as attractive (by attractive I mean 100% legit numbers) as possible during the next year. As I have said before. They have MANY options. Personally I would take out (for now) the UG (which is not a great deal % wise anyway) from the FS and get as many near surface indicated ounces as possible into that all important FS. This would nicely reduce capex not having to do any UG mining again for now. They now have 2.8m ounces OP indicated at 1.45 g/t. They have another 830k ounces OP inferred at 2.33 g/t. If I was our BOSS I would drill whatever or wherever I have to to bring those 830k ounces inferred OP up to indicated. They obviously can't get every single one of those ounces up to indicated but lets say they get 500k of the 830k ounces that level. I think I am being conservative by only getting 60% of those 830k ounces into indicated. So now we have 2.8m plus my conservative estimate of .5m ounces all OP indicated at let's say 1.55 to 1.60 g/t. In other words 3.3m ounces OP indicated. Divide the 3.3 by let's say 15 years and we get 220k ounces of near surface OP indicated ounces of production per year. I wonder how the FS numbers would look under this 15 year LOM 3.3m ounce well over 1.5 g/t scenario? Just my back of the napkin calculations. Any comments? C'mon man any opinions? 