New Found Gold Corp V.NFG

Question I asked of CK of newfound gold

[Dixiedee]

Message: I was wondering if trucking ore to the existing mill in Newfoundland is still on the table and being considered to fund future development and 
Doing a MRE ( mineral resource assessment)

answer to questions 

We continue to consider all options. We are going to lay out our go-forward plans in the months ahead, which will touch on much of this.

 

Very best,

[voiseybayexpert]

I wondeer about that, truck drivers are hard to get these days even NL,  Mabe for a short term but there is a possibility of more then one mine, so big gold would want there own everything.  

[Retiredgeo]

If NFG makes the decision to mine (for lack of a buyer) they will have to build a gravity concentrator on site.  Only the concentrate needs to be shipped to the mill.  If the truck is carrying a million dollars worth of gold concentrate truck costs are negligble.  Security costs will be far higher. At $4000 CAD/oz 1 million CAD of gold = 7.75 Kg of gold.

[nozzpack]

With high density grade control and GLS designed mining equipment, over 90% of the ore within the optimized pit can be excluded as waste ore. For Valentine Lake, out of 609 million tons of rock within the open pits, only 51 million tons were to be  mined and milled. So, while reduced to gold concentrate would be desirable, direct shipping of mined ore separated by an optimized mining

[alwil106]

In this event I don't see anything wrong with the Beaver Brook Antimony Mine, for the far less ore that requires processing, now on care and maintenance. The Beaver Brook Antimony Mine in central Newfoundland is located ~42 km southwest of the town of Glenwood-Appleton, and 1 km northwest of the NorthwestGander River about 30 minutes away from Queensway.  

[alwil106]

https://ceo.ca/@businesswire/new-found-reports-positive-phase-1-metallurgical-test - highest grade stuff gets up to 83% recovery with gravity alone. What if the concentrate were sent elsewhere for processing and what's left carbon-in-leach (CIL) on the gravity tails was processed by a small mill on site.

[nozzpack]

Gold at $2718, one of the highest grade district discoveries in the world, multiple deposits  for shallow high grade open pit mines, very high recoveries , and a tolling agreement whose mill with excess milling capacity  can accept QW ore and deliver up to 98% recovery , skilled mining force , fully permitted long term tailings facility, a source of commercial processing of waste ore and

[unclebobby]

Nozz that is every shareholders  sediment  and I'm  sure management  knows this , yet proceed to be docile.