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Post by likeike on Oct 25, 2023 14:40:11 GMT
@gollygee Doug Matheson said the work on the Keats trench will substantially de risk the project. Can someone explain in simple terms how it will achieve this? 1 about 5 hours ago
@alwil106 @gollygee Confirmation of grade, it was difficult for people to get their head around how high the grade was at Fostervile Swan zone, equally difficult to get a resource estimate here, not so much for the low grade but the high grade. In my opinion looks like they are going to mine it soon, all be it on a small scale, should underpin the share price going forward, as they say place your bets.
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Post by likeike on Nov 1, 2023 20:52:37 GMT
Post by nozzpackon Nov 01, 2023 4:37pm
21 Views Post# 35712104
Bulk Sampling of Keats
This is quite common, as an alternative to a pilot mining project, although these two terms are beginning to merge, as mining companies seek cost efficient ways to get their resources elevated to commercial status.
Lets take the Keats Trench with the hair cut.
RC grade control would be a piece of cake in this small area.
Lets say 15 m by 15 m spacing down to 30 m or another shallow depth .
That should enable more surgical production drilling , reducing waste rock.
Then random sampling with an excavator to collect a representative bulk sample of the contained gold.
Lets say 15,000 ton bulk sample at 10 grams and you recover 5000 ounces, with gross revenues of $12,5 million .
That should pay all of the costs .
Just an example, but why lay fallow, and waste the existence of plentiful gold exposed by Keats trenching when you could at no net cost but great return take the opportunity to its logical outcome
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Post by likeike on Mar 3, 2024 20:27:30 GMT
Comment by Dixiedeeon Mar 03, 2024 9:46am
78 Views Post# 35911876
RE:re 4.66
I don't think a TSE listing would make any difference at this point 99.% of jr gold stocks are listed on the Vancouver exchange not the Toronto exchange if they where already a mid tier or large producer could be merit to it but at this stage it just would add more listing cost a lot more administration costs as well money and time better spent on de risking at this point .ssl as well as many others over the last 3 years are down as much as Nfg it is the sector that is out of favour not just one stock yes some are doing a little better than others .
If gold continues higher the whole sector will be lifted and follow golds lead .This unflavoured sector is the one to get into now that I agree with you but that also should include NFG if you want a Jr exploration company in your portfolio in my opinion .
Checking the charts I see resistance at 4.60 close also see a head and shoulder pattern from 4.10 to 4.60 that would give us a likely move to 4.60 possibly to 5.10:then we have a huge gap at 5.20 to 5.70 ish If gold continues or holds its gains of last week it could propell us to these levels or possibly some results at depth could propell us to these levels and higher .Think your positive outlook on the sector iam surprised at your gloomy outlook for NFG at this point and time just my opinion and everyone needs to do thier own DUe Diligence I have and Iam glad to be adding more at these huge discounts
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