New Found Gold Corp V.NFG

Great Bear vs New Found Gold

[Global1966]

I'd like to throw out a question for the geo's in the community.

Right at this point in time do you think NFG has the same ounces of gold that the Great Bear takeover offer assumes - around 8.5 million ounces?

I know the cost of NFG mining will be a lot cheaper but am interested in comments around the quantity.

It took GBR 4 years to get to offer stage. My mind is reeling at where NFG will be after completing another 290,000 metres of drilling.

[diabase1]

Why will NFG be cheaper than GBR to mine?

[Global1966]

I looked at the cost of operating at Hemlo which has similar geology and the depth of GBR's assays.

[speedyg99]

Higher grade 

[megacopper]

  I think some of you guys are missing the point with regards to this gold system on the Queensway property owned by New Found Gold. It's not necessarily about the number of ounces but more about the quality of ounces that is important. The number of ounces will come with due time. I don't think the Fosterville mine ever had much more than 3 million ounces of gold reserves at

[Retiredgeo]

It is far too early to be talking about Queesway reserves and resorces at this point in time.  Please ask your question again in another year or two.

[Gangsterme]

Quality of ounces? What is this? Many obviously do not have an understanding of assaying or grade. Gold is gold. Pure gold is 24 karat. 10 karat is 10/24. Grade is its amount of pure gold, ie 24 karat gold, per.

[toller1]

If you don't understand what grade means to a deposit then you shouldn't be in this racket. You also bashed another poster who is spot on when talking about grade importance, you appear to be a complete fu-king idiot!

[megacopper]

    I think I explained it very well in my previous post. Listen to Eric Sprott and you might learn something. It's all about grade. You can't beat grade. Not all gold is of the same value when it's in the ground. There are a lot of factors that determine the economics of a gold deposit and the grade of the deposit is first on that list. The higher the grade means it

[Gangsterme]

You are confusing...You really mean low grade ore and not low grade gold. It is the amount of gold in a certain amount of rock that determines the grade of ore not the grade of gold. Yes, NFG has a high grade ore, not a high grade gold. And any mine is made up of a mineral that can be mined at a time and a place, safely, and profitably.  This is located in a very mineable friendly area close

[megacopper]

  I'm confusing. Lol  You can easily put me on ignore. It won't hurt my feelings any. I was trying to explain things in layman terms to some posters who might not understand that you can have a deposit of gold with 10 million ounces of gold but if it isn't economical to mine it's worthless and is not considered ore grade because it takes more money to get it out of