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Post by likeike on Mar 27, 2024 16:04:59 GMT
@snidely @aardvark Have you ever read technical reports before? .64ppm (which 1 ppm is roughly 1 g/t) is the average for all drilling, not just the reported intervals. If you only look at mineralized sections that assayed over 1G/t, then it goes up to 14.78g/t. That is precisely why I have been saying multiple times that we should be looking for ~15g/t from the bulk sample. If you include all the overburden and non-mineralized parts, yes, average grade drops to .64g/t. You have to actually read the words and think about what they mean and what reasonable implications can be drawn from them. I know it is challenging for you to wrap your head around the idea that when you start mining, you only run just the ore through the mill, and not every bit of overburden and other non-mineralized dirt. Definitely brought your C game today… a little disappointed in you. I thought you had better trolling skills than that.
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Post by likeike on Apr 4, 2024 17:57:29 GMT
Post by Tk11455okon Apr 03, 2024 9:42pm
141 Views Post# 35969420
A question for Retired Geo
Dear Sir,
I'm a total novice on mining, but the last news article on NFG showed Gravity Concentrates of 2,102 G/T (67 oz/T) to 12,271 G/T (396 oz/T). I believe you have touched on this in the past. Is it reasonable to build and perform gravity concentration on site and truck the concentrate to Pine Cove Mill for processing? The trucking would be a very low cost when compared to the amount of Au per load. Obviously there would be a processing fee, but I have no idea what a customery processing fee is. This could provide significant $ for any future endeavors and prevent dilution. Does this seem reasonable or is just going to be done a different way. I've been all in since the Lassande run up a few years ago and am still significantly underwater. Any response would be appreciated.
Thank you,
Tom K
Comment by nozzpackon Apr 04, 2024 6:31am
47 Views Post# 35969676
RE:A question for Retired Geo
Retired can provide a more detailed answer but these results were obtained both from gravity concentration and then carbon in leach ( CIL ) on the gravity tails .
Essentially, you would have to build a floatation plant on site , infrastructure, tailings pond etc to support these upstream processing facilities.
In other words, given todays capex costs, substantial upfront costs to do so and an extended time frame before production begins .
So yes it can be done but is that the most cost efficient way to early production ?
NFG does not think so which is why they have a tolling MOU with MAE.
Tolling costs are about 10-12 % of the refined product.
It should be noted that MAE have instituted a tailings recovery study for the Pine Cove tailings Pond .
If successful, it should be able to recover 80% or so of gold fines not recovered by gravity and CIL.
This would incresse total gold recovery of QWN ore, and offset somewhat tolling costs.
Acquiring MAE would be an obvious alternative as the Point Rousse mill is already operating and all of the Hub and Spoke Business model is now in place with the incipient agreement with Firefly.
NFG ..imo ..would be a natural and accretive addition to this model of diversified metal processing , polymetallic production and an import/ export concentrate distribution centre.
FYI, I own a substantial position in NFG .
My criticisms are based on the fact that I like the velocity of the ROI on my investment here to be high..
ie I don't want to wait another 5-7 years of continued dilution when we have obvious early mining options that would quickly elevate our valuation multiple .
AIMHO
Comment by Retiredgeoon Apr 04, 2024 7:41am
105 Views Post# 35969779
RE:A question for Retired Geo
Absolutely. A crusher-gravity circuit is cheap and low tech. You can buy new off Alibaba for next to nothing or scavenge used in Newfoundland. All of that Quartz and shale can stay on the property, only the concentrate needs to be shipped.
If the truck is carrying millions of dollars of gold concentrate security is going to cost far more than that of the truck.
During Crashlabs 41 QH and Denis Laviolette were discussing mining. Mines can start small and grow organically. The current fad is to go deep into debt and build a billion dollar mine from scratch. It doesn't have to be that way!
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Post by likeike on Apr 4, 2024 22:17:56 GMT
Original post taken down
Comment by nozzpackon Apr 04, 2024 4:36pm
19 Views Post# 35971319
RE:Maybe we should all read it again and discuss? Let's compare
Your introductory statement is fraudulent ......cherry picked to present mean intercept grades including dry holes which areuseless, but you did not reporting the analytical grades
...the analytical grades are almost identical to those reported in the Mett NR
14.8 grams per ton for Keats Main......15.4 grams Mett NR
Keats N ...7.9 grams per ton
Keats West ...8,7 gms per ton
Lotto ..16.7 grams per ton
Lotto North 7.3 grams per ton
These are excellent grades consistent with the depth integrated grades provided in the NR of Yesterday
QWN has the grades that Apex actually says it has.
This fraudulent statement was intended to sway the investment decisions of the uninformed by misinforming them..
You should be banned from SH..
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Post by likeike on Apr 5, 2024 13:48:35 GMT
@mark0705 Err @gldret25 calm down with the negativity. You seem to be forgetting that golds up $400 dollars on that $5 ATM cap argument. The atm will be finished soon and we are actually sitting on what is probably by far the best deposit of gold on the planet. With the prospect of huge news coming through the pipeline. The atm was a miscalculation, but it doesn't change the fact that there are a LOT of interested parties that will want in on this. The price will rerate higher sooner or later.
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