Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > I'd rather follow TRUTH vs Promotion = $4+
View:
Post by BUYSilverGold on Feb 22, 2024 2:20pm

I'd rather follow TRUTH vs Promotion = $4+

I dont know why I bother other than to show RetGeo knows nothing about the mining and milling processes. So this is how it will happen. First they need to drill off enough tonnes for a decent sized bulk sample. This deposit doesnt have evenly dispersed gold though so even a 15k bulk sample will not be represetative of the body (ies). The mre will tell the tale. The mre which they are running away from because they know it wont be nearly as good as youve been led to believe with narrow high grade intercepts.
 
So they de-cap, and based on the pics there doesnt appear to be much overburden which is good, then they alternately remove waste, low grade, and high grade, each moved to separate stockpiles. Low grade being uneconomic at todays pog. The ore size will depend on the drilling pattern. They want it minus 24 inch so they wont have to spend too much time with a rock breaker. The trucker wont haul over 24" for the most part. Crushing onsite is expense for noting as theres a crusher at the mill already so why crush twice. They wont use ore sorters which are for the birds. They lose too much gold and slow everything down. Ask nvo who's sorter is for sale. Going bankrupt QH catfish broke. The low grade stays on site until the pog cooperates and its economic to process. The hg (regular grade) gets moved to the mill, crushed and processed. The waste pile usually gets returned to the pit someday when the site gets rehabed.
 
And thats how it works. No concentrator, no gravity circut at the mine, no concentarte sent to a smelter or refinery in Timbucktoo. And if the mill is onsite all the better. Dont forget this is the lowest cost highest grade, and largest gold body in the world right, so surely they can afford to build their own mill on site and not truck or barge it 270km. Right?
Comment by bull_runz on Feb 22, 2024 2:23pm
You've been watching too much Gold Rush, IMO :)
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities