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Post by GGG on Oct 8, 2023 13:15:28 GMT
Ike, we could be running out of adjectives. @alwil106 suregold Newmont average grade 1.09g/t, "reserves" of 96.1 million attributable ounces for 2022, the acquisition of Newcrest isn't completed yet, NGT M/C C$41B, comparing this to Fosterville with an average grade of around 40g/t, QH thinks NFG vein structure diameter is three times wider and NFG is a lot larger than Foservelle, just take a look at the drill results and strike length for Keats and Iceberg, if we've only been using broad strokes and scratched the surface up until now it doesn't take much to imagine 100 mil high grade ounces for what also could be found further down and across the property in general. $50-$75B C$ could be an underestimate once we've found out what we've got here. GGG, We may have to go back to a time, when message boards were written on scrolls. |
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Post by likeike on Jan 24, 2024 18:23:28 GMT
@bayrunner @tamarack, so look at GBR when the majors came in ? 3x that year. NFG has 2 or 3 GBRs size areas to drill deeper.... 7 about 2 hours ago suregold We are in a strange situation. Yes, the junior gold market is in horrendous shape for last 3 years, but making our NFG unique is we have 2 major investors holding 60% or more of the stock and they each have opposing goals. it is very clear now from ES latest interview that he intends for this to be his LEGACY to his daughters and will be part of the mining of the property with a major. Palisades on other hand has made it very clear that they exist to discover and then sell to a major and then deploy that massive gain into other opportunities. ES average cost is probably around in vicinity of $4 or maybe a little bit less based on his $260 million invested already. Palisades cost is probably very, very low as it is comprised mostly of founders shares acquired in land transfers. They control what happens here and given the above, the question becomes at what share price will they both be satisfied? Another question is what is the relationship between ES and CK? It is going to be interesting to see how a major navigates both of them and gets agreement on a buyout? Speculation is almost useless here as no one at the public market level has a clue of how many ounces they have. Insiders though KNOW or at least have a very good idea of resource status. 3 37 minutes ago suregold If BM is anywhere near correct in his statement of 30 million or 50 million ounces then at $2,000 per ounce we are talking rough possible buyout values of between $6 billion and $10 billion based on the historic average of 10% of gold value in ground on buyout. Crazy numbers for sure! And those are US$! Possible, I guess! Can it happen though? 1 28 minutes ago |
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Post by likeike on Feb 24, 2024 22:12:31 GMT
Comment by DanWarrenon Feb 24, 2024 4:09pm
8 Views Post# 35897393
RE:RE:Interesting place these chat sites
BTW, this lesson in the delayed realization of a mining assets value, in being reflected in a company's stock price comes directly from Erich Sprott, in his telling of the story of how long it took for the buyout of the Fosterville mine to be reflected in the stock price of his company which bought out Fosterville.
The stock price only gradually increased in price over time, as the fantastic operating results were achieved at the Fosterville mine.year after year...but, the gains in the stock price WERE huge.
I believe this was Erich Sprotts greatest success.
Sprott points out that he presses down (increases) his investment in companies as they prove up their original promise that he made his investment on.
In the case of NFG, it is the biggest investment by far that he has ever made....around 1/4 of a billion dollars Canadian.
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Post by likeike on Mar 3, 2024 23:53:12 GMT
Post by Gangstermeon Mar 03, 2024 4:24pm
49 Views Post# 35912235
Where is gold headed this week?
Unlike so many posting on Kitco, I have no idea where will open and head, I acknowledge this is unusual for anyone to admit.
I am however, willing to bet big that gold is heading up. Whether this week or this month, I do not know. However, that said, gold will be significantly higher 12 months from now, in my calculations.
NFG will follow is a given, will it be a significant % more than the increase in gold price? This will be determined by many factors, including how commodities are viewed. Banking liquidity will be a problem in the coming 45 days. How will the Fed respond? I certainly do not know, nor do I claim to have an opinion.
All I can say is what I believe is 100% certainly, NFG has a fantastic gold discovery, and gold will be mined here for many, many decades to come. You will be doing the mining? In my opinion it will be several companies. NFG will likely start open pitting this deposit and then, following much more drilling along the faults and at depth, will sell sections of their claims. Cash will be flowing for a long time.
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Post by likeike on Mar 18, 2024 21:16:09 GMT
@snidely I was chatting with Denis for the first time in a while before that QH podcast episode dropped. He is always careful not to drop any info that would go against securities regulations, but I did get a few nuggets in my chat that have me rethinking a few components of my Queensway thesis. Before I thought we were 2-3 years minimum out before we see NFG make a major move (i.e. JV, acquisition, advance it themselves, etc.), but now I am starting to think it might be 1-2 years. He did confirm that when they did the trenching, that the area they uncovered matched their modeling almost perfectly. I think that was announced before, but he did confirm that. From the sounds of our conversation, completing bulk sampling is a little behind schedule due to the Keats trench getting blanketed with a large layer of snow. I am way more excited for bulk sample results than I was for seismic results.
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Post by likeike on Apr 28, 2024 21:22:07 GMT
Post by Torontohomer1on Apr 27, 2024 9:34pm
160 Views Post# 36011304
Selling out to big gold vs mining for NFG
Just a reminder on these debates. NFG hired someone to move the production forward. From the June 7/2022 press release. Granted some news on this topic would be welcome. Let's hope Ron announces his plan soon:
With its success to date the Company has decided to accelerate work in parallel to the exploration to assess and execute on value creation opportunities at Queensway, and Ron will lead this effort. Ron has successfully managed a number of major mining projects from the study phase through detailed engineering, construction and into operation.
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Post by likeike on May 9, 2024 14:06:26 GMT
@alwil106 @gldret25 You miss the point, there's no perception from you detractors or more likely there is of how much gold there is here, if you as I suspect are representing someone trying to keep a lid on the price to keep accumulating shares there is no other reason for you to be here, the ATM means nothing with the amount of high grade gold that's here, I'm not pumping I've done the comparison with Fosterville and this is much much bigger and it's most likely to get bigger and better at depth and that's before you touch the rest of the Appleton fault. People are still in denial of how many ounces this high grade deposit can produce. Drill result week after week, when there's a lull for a few weeks you guys don't half get the bit between your teeth. 2 about 7 hours ago
@alwil106 The Swan zone at Fosterville came up with a resource which I understand was 20% underestimate but consider this if it wasn't for their continuous mining and being able to bulk sample as they went along they wouldn't have had much of a clue what to expect from drill results alone, the nature of the resource is so difficult to define, one person commented some of the veinlets had pure gold in them, it would have been impossible for Fosterville to come up with a resource unless they were bulk sampling through mining, neither could NFG come up with a MRE from drill results alone. @gldret25 these comments are not rhetoric but careful consideration of the nature of this type of deposit
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