TSXV:NFG - Post Discussion
Post by
nozzpack on Dec 02, 2024 2:36am
Northern to acquire DeGrey for $4.6 Billion cad
Hemi deposit has 13,6 million ounces at 1.4 grams per ton and 6 million ounces in Reserves at 1.5 grams per ton .
November 2024 MRE, Hemi have 0.8 Moz measured, 7.2 Moz indicated, 5.5 Moz inferred.
That's about ...
...$750 CAD per ounce for Reserves in situ
..$575 CAD for Measured and indicated
..$345 CAD for Measured , Indicated and Inferred
Keats Trench to 150 meters has 1 million ounces @ 31 grams per ton .
Channel sampling intensity meets Reserves category soon confined by infill drilling underway for over 3 months .
So, based on Hemi in the ground valuation , approximately $750 million cad for contained gold below KT to just 150 meters.
The smaller the pit the lower the mining costs.....just 200 m long and 70 meters wide.
Just a few hundred meters away is Iceberg Trench which is 50% larger with drilling grades beneath near 25 grams per ton.....1.5 m ounces
Two small ultra high grade open pits to 150 meters containing about 2.5 million ounces , generating $9 billion in gold sales .
Toll mining means quick start to early boot strapped mining.....all permitting in place at Pine Cove..No signifucant capex needed
GLTA https://app.sharelinktechnologies.com/announcement/asx/b73e1c2506efa3c0832b9dd56db76e68
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