RE:Estimated Keats Trench Ounces above 100 metersWhat a great place to begin bootstrap development of NFG 's first open pit gold mine.
Install a XRAY sorter on site and that 572,000 tons @15 grams per ton is concentrated to about 410,000 tons @22.5 grams .
With current 450,000 ton milling capacity expanded to 700,000 tons of milling capacity by H2 of 2025,
the Pine Cove mill can easily accommodate these volumes.
Lets say about 140,000 tons containing 90,000 ounces per year trucked to Pine Cove with a gross value of about $300 million .
Acquire MAE and add another 75,000 ounces per year from the high grade HammerDown mine and NFG is generating about $500 million per year in gold revenues with unlimited growth backed up by current gold resources .
And without the waiting time to build its own mine while funding that development from early cash flows.
Whats there not to like ..