Post by
speedyg999 on May 04, 2021 3:43pm
Highest grade gold intercepts in many years; $20 Target
These last 2 press releases show the highest grade gold intercepts about ever reported. They remind me of when I worked at the Homestake Mine (40M oz Au), where a former mine manager told me that the highest grade mined zone at Homestke was in the 1950's(?) when they stoped into a feeder zone that had a 1 1/2 inch wide vein of pure electrum. They had the shift bosses mine it out. I expect that when NFG runs into one of these main feeder zones that we might see something similar for NFG.
These data suggest that this NFG deposit could be the world's lowest cost gold mine when developed. The majors like Kirkland Lake Gold, Newmont, and Barrick must be salivating over this system now. I see a $20 price target, before any of these major mining companies try to buy them out. Not bad!
Comment by
goldanalyst on May 04, 2021 4:09pm
shhhh....I have been quietly accumulating shares in all of those companies you mentioned on the cheap!!! LAB, NFLD, SKYG, SIC plus GSS and others~ The entire region will catch fire soon~ Accumulate while they are still relatively cheap~
Comment by
oldfx1 on May 04, 2021 3:58pm
This post has been removed in accordance with Community Policy
Comment by
speedyg999 on May 05, 2021 11:39am
Kirkland Lake Gold will buy your shares at $19.99! Buy the dips!