New Found Gold Corp V.NFG

RE:High Grades means reduced Volumes

[Dixiedee]

nozzpack wrote:

When the good Lord distributed his celestial gold to the Earth , it was done quite equitably .

That is, on average , high grade deposits would be associated with lower volumes and vice versa for low grade deposits.

That is, bulk tonnage of the low grade deposit would offset the low unit mining costs of high grades .
 

A good example is the Manh Chow open pit deposit in Alaska which at 7.88 gms per ton is stated to be the highest grade open pit mine in the world .

But, with just 300,000 ounces , it's mine life will be very rich but very short.

So, how might this apply to Queensway open pits .

An early prospective view , accepting the Good Lords intent , is that their indicated high grades might be associated with reduced volumes .

But, there may be a half dozen or more of these rich grade open pits .

Nothing wrong with that as grade outweighs volumes when prices are a constraint..

If you are saying HIGH GRADES are a BAD THING you need to keep your day job and look for a second job cause you don't have a chance to make it as an investor