RE:Great PR incase you missed it Thank you.
One year ago, NFG was confident enough to publicly notify its shareholders that it had sufficient resource estimation data to complete a MRE and PEA.
Since then more discoveries have been made so their internal resource estimates have probably increased by a signifucant amount.
This of course excludes the multiple discoveries at depths well below the depths drilled in late 2023.
At that time, in anticipation, they arranged a tolling MOU with the only gold mill in NL.
Napkin Math estimates has successfully replicated FS estimates .
Its estimates for QWN ....very early in its discovery path..is already of the order of 6 million ounces, a number that, based on the discovery history of orogenic gold deposits, will continue to find new discoveries for many years next.
GBR, as a proxy analogue, shows that QWN already has discovered enough gold resources to qualify for a market cap in excess of $3 billion.
So, we have a solid holding ground in resource value that can only increase going forward..
GLTA