RE:RE:Keats Trench …At least 160,000 ounces to 1.4 m ouncesThank you.
NFG has over $50 million in cash , so plenty of funds.
The CDO officer Ron Hamptdon was hired in 2022 with development responsibility for a variety of mining related issues such a mettalugica studies , permitting, negotiating the tollling arrangement with Maritime and other early mining related requirements.
NFG has a large infrastructure establishment on the mine site, fully powered etc.
With very high grades m direct shipping of mined ore becomes an option....a bare minimum mining operation .
Otherwise, a crusher and ore separator might be needed before trucking.
Tailings require extensive permitting studies but being shipped to Point Rousse which has two permitted tailings ponds, this will not be a permitting issue...Blasting and excavating , and trucking the aggregates....not altogether different from blasting, excavating and trucking aggregate for highway construction etc.
I have estimated trucking costs in a previous post.
Mettalurgical results for the Keats Trench have been received in early April and Maritime informed me that the Pine Cove mill is compatible and can deliver the NFG study recovery rates.
It has been reported by another shareholder which I cannot confirm that the decision on the tolling agreeement will be signed this quarter ( Q2).
AIMHO
GLTA