Post by
nozzpack on May 29, 2024 7:38pm
The Meat on The Bone…How Many Ounces, What Production, Grade
These are the key investment parameters missing from this story of apparently ubiquitous high grade gold distributed along a faulted zone such that even random drilling has a high success ratio.
An astute investor will want Answers to these questions after a reasonable period of exploratory and development drilling.
Currently, we have sufficient and robust assay data that the grade is in the top 10% or so of current gold deposits .
As a long term gold investor , I will choose grade over number of ounces every time except when intercepts have long continous mineralization...SGD comes to mind which I do not own but do own LGC which does have 100m + continous intercepts .
High grades means low capital and low mining costs, hence very high gross margins .
Mafic orogenics, if I recall correctly , impute that such high grades deposits come with lower ore volumes .
When I say lower I don't mean 5 million ounces but probably would make 50 million ounces much less likely .
My analytics suggests well over 5 million ounces but those are very coarse and illusttative.....enough to convince me that such high grades can make NFG very profitable on its grades alone.
But, the real evidence that brings conviction to every astute investor is how many ounces and what production can those ounces sustain at what cost and for how long.
Thats why the upcoming PEA and its early mining scenario will be such a game changer for NFG.
If CK is true to his word, June will be that Month..
GLTA