New Found Gold Corp V.NFG

chrysos revolution

[orophil]

the adoption of chrysos is revolutionary for exploration companies because it will instantly accelerate the pace by which they create value or wealth...which of course is by identifying location and richness ore bodies in territory where they have lease hold rights......while this may have been known by followers of this site and by those who thoroughly read and parse management news releases, it was obvious by market action following Quinton's presenation that it was timely , consise and  alleviated the concerns which were held by current and prospective investors....the lack of tmely realease of assays in the past few months has been a trmendous headwind for value creation....the update was issued late in the day and late in the week.....would expect follow through as news is digested and isseminated in the media

[Retiredgeo]

In my opinion you are placing far too much importance on a Youtube video.  Investors listen to their financial advisors, not Youtube.  The November 4 press release frightened the financial advisors and it will take positive press releases to undo that damage. In my opinion, the November 11 press release stating that Eric Sprott was proceeding with his share purchase, is most of the

[GGGsOldFriend]

If by 'youtube video', you mean the Crescat video, it's not the video that's important, it's Q.H. making his thoughts known regarding the assay discrepancy for the first time. If you're saying that his opinion explaining and generally dismissing the concern over the assay discrepancy isn't important to the short term price of the stock, I respectfully disagree. 

[braindeadoldguy]

This post has been removed in accordance with Community Policy

[Retiredgeo]

Did QH say anything that a knowledgable investor didn't already know? Are hundreds of thousands of shares hanging on his reassuring words? In my opinion we have Eric to credit for the last two days.  Of course, we will never know.

[DanWarren]

This post has been removed in accordance with Community Policy

[TheGreekGoldGuy]

GGGsOldFriend, that was a perfect interpretation of yesterdays Crescat video. The Greek is still not 100% sure about how this Chrysos technology works, but if Q.H. and E.S. like it, then the GGG dang sure likes it too.  The Greek here,  He would sure like to know, how many of those little cans will it take to hold a 430g/t  over 5.25m, 150.3g/t over 11.5 and a 146.2 g/t over 25.6m

[erieshore]

After the Chrysos process is complete on a good section of core, who gets to keep the gold? Or is it too little to be significant? With the quick Chrysos process handling lots of samples per week, wouldn't the several of the crushed 'pebbles' have some value? Erie PS I imagine that the companies currently doing fire-essays will go from overworked to out-of-business within a couple of

[Retiredgeo]

All materials submitted by the client remain the property of the client and are either returned to the client or stored on the client's behalf.  There is no free gold for the taking! Companies adapt.  If fire assay gets phased out it will happen slowly.

[eldreco]

Retiredgeo, Beg to differ - but after the fiasco this summer...and what "delayed assays" cost the companies - to say nothing about the shareholders - in terms of time and money, I would think the backlash will be a ready acceptance of this new tech.  The pluses are extraordinary...whole-core assays...produced in a non-destructive manner (where those samples can be retained for

[Retiredgeo]

Technologies that have been around for a long time have staying power.  Fire assay has it's supporters.  I think both will coexist for quite some time to come. I will agree with you that eventually the new technology will completely replace the old.  Two years sounds ambitious!

[orophil]

exacrly...so there is still very much a sampling bias as to what ends up in the cannister ( that probably is of minor concern) but there is certainly bias as to which intervals of the core to select and cores out of which holes.....management stated 'cores from recent drilling'..that' leaves alot of latitude....obviously no overburden is selected and anytning with visible gold alway is

[eldreco]

Gosh, orophil, for a moment - look at what you are saying! You cannot have it every which-way.  What you have just said is that even with a new and more complete method of (non-destructive) assay - that there will still be "selective" bias.  And you are parking this at the feet of the company - in fact those that do do the selection at the core-shack!  This is a half

[orophil]

what I am saying is if there is 100,000 meters aready drlled then there may be over 50 miles of core and it can not all fit in a can so there has to be some selection criteria so exactly what are the criteria ??

[eldreco]

Oh come on!  So, what did they do before there was a "can"?  Why...they took what they had and cut it in two!  (talk about adding insult to injury!) and sent their selection off to the assayers.  Mining companies have been doing this forever...yet you choose to moan about it now.  Curious. Of course there is "selection".  Generally you don't

[orophil]

all I am saying is in this type of orogenic deposit the average grade below suface is not of primary significance....if this follows the model of fosterville annd the swan zone which Quintin has mentioned time and time again then. its all about identifying pockts of high grade...have you listened to what Quintin said at all ???...apparently not

[eldreco]

You said nothing like this in your initial posts.  Good job trying to back pedal! FYI I have been a follower of QH for some time - and talk to him occasionally.   What's your (new) point?

[orophil]

my point is Quinton calls the high grade zozes 'burritos"...I think Hurst or one of the other geologists calls them jewelry boxes...I suppose you could call them a tube of high grade ...if you recall fosterville was a 1 billion dollar cmpany until they went deeper and found the swan zone..the actual size of the swan zone is a tiny part of whats underground at fosterville but represents a

[orophil]

the reason that I did not go into detail in my earlier posts is that I assumed that you were familiar with Quintons thesis that nfg could be similar in geology to fosterville....apparently that is not the case...in other words what might be appropiate in evaluating and developing an alluvial deposit such as novo might be dissimilar to what might be appropiate in the case of nfg ......I don't

[eldreco]

Orophil, Perhaps we were watching different programs...but I watched QH post the pics and describe the "burrito" concept a couple of times on that Crescat video...a term that was much to the amazement and glee of Tavi and Kevin.  In that context, the "burrito" term was put forward to illustrate how the earth folded in around itself and caused the layering that we have come

[orophil]

hopefully manage ment is being very selective and biased and is evaluating the small amount of ore that is of economic value...iow investors want to know where are the burritos and jewelry boxes...so far they have found a bunch and I am confident the will continue to do so

[Global1966]

All the stuff they don't assay is just cream

[orophil]

absolutely...this is not an alluvial deposit where cherry picking might be consodered to constitite some sort of deception.......quite the contrary....its all about burritos...thats what Quinton has been talking about since day one... tiny pockets of bonanza gold...so far they have found a bunch...apparently this escapes some ??