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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 > The usual path to production
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Post by Evenkeel123 on Jul 02, 2024 10:09am

The usual path to production

From a friend of mine

The usual path to production is drill at the proper spacings for an mre, then a pea, then a pfs, then a production decision. While that is on going some permitting studies can be done simultaneously but some need to wait until scale is determined. They can also send off a small 5 tonne sample to a met lab and a 10k or 20k tonne bulk sample to a custom mill somewhere. Those bulk samples can be done fairly quickly. One should not assume mre grade will match bulk sample grades though. Especially with veiny coarse systems. The larger the sample the better but they always high grade those samples. Take WM for example, they sent a bulk sample out to the Camflo mill several years ago which came back at 18 gm but when the MRE came out it was closer to 2.5 gm for underground and 1.5 gm for the pitable ore at surface. Drill grades and mre grade can be completely different because the mre includes much more dilution required to extract blocks of ore, not to mention companies want to show high grades to pump the stock at the bulk sample stage.
 
If NFG does go with a a mill, either owned, or custom, located 270km away then run away. If they have a decent deposit they will build their own on site. Full scale mining with their own mill will take a minimum of 4 years from today. Bulk sampling can be done within 6 months.
Comment by nozzpack on Jul 02, 2024 10:42am
That same BS fails to impress anyone anymore ... Surely, you know that NFG have their own implicit 3 D model continously being updated as new data are received . Their drilling data is the same as I used except that they can quickly arrive a resource estimate by using their algorithmic Kriging model  Its much more sophisticed than my analyses , as ttey will use grid block sizes appropriate ...more  
Comment by Evenkeel123 on Jul 02, 2024 10:52am
If everything is so hunky dory at NFG with their AI computer stuff, then how come CK has to continuously correct press releases?  Some ting wong?   They should be perfect 100% of the time, but certain forces of the watchdog kind question them and force these changes.   Are you aware of this, or do you simply overlook it as a slight oversight so you can feed us more ...more  
Comment by unclebobby on Jul 02, 2024 11:13am
EK  get a life stooge. Your out look and b.s. is in question,  asylum should give patience  computers . Jmho
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