TSXV:NFG - Post Discussion
Post by
nozzpack on Sep 21, 2024 5:12am
Derisk shallow high grade prospects by bootstrapping
A most efficient route to a FS is to bootstrap the asset into production by offsetting of the cost of development with preproduction revenue from one or more bulk samples and test mining
This would confirm resource grade, continuity and dilution impacts in an effort to derisk the project.
A series of several prospect trenches have, and are now being stripped along with channel sampling for grades , which makes test mining a natural bootstrap outcome.
Contract mining and toll milling are available to do so.
High grades makes for rich cash flows .
Such an announcement would quickly spur the recovery of the share price and eliminate the overhang of the shorts.
Why has no announcement to this natural contribution to a FS not been announced ?
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