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Post by likeike on Feb 9, 2024 18:00:00 GMT
@ataloss1 There are very close ties to the fosterville team. Geologists etc. I would think they are bringing thier experience from that site to this as far as what helped define targets and where value was found. The decision was made that seismic evaluation would help and was indeed a value-added prospect at fosterville. This does not indicate a major minor company in any way calling the shots. However it does indicate at least a successful and proven path to showing profitability on this particular ore and deposit type. @ataloss1 The release indicates that the seismic will be used to help Define targets. And subsequent drilling will be based on that. It does not state that they will release seismic data to the public to attract retail investment. There is no onus on them to release this data. Only the drill bits can do the talking in the end. I believe we're waiting for that. suregold Majors have been making the same mistake most retail investors make which is buying high and selling low. 15 or so years ago, they went crazy overpaying for everything and then facing huge write-offs! Then they tightened the purse strings too much and now are sitting on huge cash hoards and still are reluctant to pull the M & A string! But this is exactly the time they should be doing so. NFG has over 525,000 metres drilled now and as per grass roots comment most geos associated with the project are thinking 25 million ounces potential. AEM at least knows this project well and understand the geology. Personally, I think at least one major here will wake up and realize if they want a decent deal, now is the time to get it done! suregold Majors have been making the same mistake most retail investors make which is buying high and selling low. 15 or so years ago, they went crazy overpaying for everything and then facing huge write-offs! Then they tightened the purse strings too much and now are sitting on huge cash hoards and still are reluctant to pull the M & A string! But this is exactly the time they should be doing so. NFG has over 525,000 metres drilled now and as per grass roots comment most geos associated with the project are thinking 25 million ounces potential. AEM at least knows this project well and understand the geology. Personally, I think at least one major here will wake up and realize if they want a decent deal, now is the time to get it done! |
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Post by likeike on Feb 9, 2024 19:57:31 GMT
suregold Does anyone here think that the 18 zones to date have more thsn enough to support 5 to 10 million ounces at surface? 1 23 minutes ago suregold Given ES long relationship with Agnico it is a strong probability! But who knows. All I know is that if NFG has the goods like almost everyone thinks they do then a major will be knocking here very soon. They have no choice and they are absolutely floating in cash, every one of them. M & A will be a focus this year for at least some of them! And Snowline and NFG are the leading contenders for a buyout! 2 11 minutes ago
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Post by likeike on Feb 9, 2024 22:55:18 GMT
@snidely I am going to do some speculation here, so bear with me. I was looking at Aardvark's comment in the main forumabout not having an MRE (which I don't care about his opinion and think he is wrong)... but it did get me thinking. So, back in the past, there was limited software tools and limited capacity within the exploration companies to do any degree of sophisticated analysis of a resource. BUT, now we are in a day and age where you the software is so advanced, that the software is basically recalculating an updated resource projection within a relative range based on every new drill hole. Now, why I think this is important, is that if a company like NFG commissioned someone to generate a report with a resource, they would be required by security laws to release that information into the market. They couldn't sit on it indefinitely. But, if that data is just what current projections their GeoModeler software if currently kicking out - there is no need to release that into the market.
All of this has me thinking that the entire idea of an MRE is going to go by the wayside and will be a relic of the past. Honestly, if I had to predict where we will be in 2-3 years, there will be relatively cost effect subscription SaaS services available to everyday investors that give us all the data within an MRE report that is auto-updated with every set of drill results released. If that prediction is correct, it won't be the maiden resource report that will be the big turning point for an exploration project but the FS (which bring several other non-geological factors into consideration such as transport costs, refining, labor costs, equipment costs, initial capex, etc.). The MRE is going to soon be a dinosaur in my mind... 1
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Post by likeike on Feb 12, 2024 18:54:20 GMT
@indianaprospector I am having a hard time following the seismic issue. Relatively new here. Is is that everyone thinks or is sure that it is done and hoping for release or are you convinced it will not be released. Following companies for many years, mapping, magnetics, etc. are always released. Can not see an argument for not releasing. 3 11 Feb 2024, 09:02 @indianaprospector Some posted perhaps not releasing because of a buyout. This is material information and will be released. Also, one assumes many NDA's are in place. They will have access. So, no reason not to release to the public. 4 11 Feb 2024, 09:05 @jimbowie @grassroots. Thank you for all your comments. 1 11 Feb 2024, 13:09 @gollygee @indianprospector I doubt we will see the full seismic report because most of us wouldn't have a clue what it means but we should get a good story from #NFG as it develops 4 11 Feb 2024, 16:04 @bruckheimer ^^^ hahaha 2 11 Feb 2024, 17:47 keatsgold no gold rush in sf but one coming to gander 3 11 Feb 2024, 19:55 @mineralrights Seismic will show if these veins go to depth since most of the drilling is shallow. ...thats it. If the results show veins extending to depth..then this is a monster as grades should be higher than the shallow veins. 3 11 Feb 2024, 20:01 @gollygee It would be an unusual orebody for gold to stop at 250 metres. Just saying 9 11 Feb 2024, 20:11 suregold www.321gold.com/editorials/moriarty/moriarty021224.html 4 about 8 hours ago @gollygee In the last week, I've seen estimates on this board of NFG having between 6 to 25 million ozs of high grade gold. The average grade is the unknown. If the actual ozs are at the higher end at an average grade of 10 gams, this ore body makes Fosterville look like a junior. 8 about 8 hours ago @denis Happy to opine at least in part on some of the chat in this board. As pertains to the siesmic - results pending - we have historically said we anticipated first results early this year. That past statement is sound. As per expectations. Most of our drilling is contrained to the top 200m of the system, the supposition is that we are in an orogenic system that would extend at depth. In order to derisk drilling rather deep holes we hope that siesmic will show us features that line up with existing zones, we hope to fingerprint the siesmic accordingly with our known zones and predict and project depth extensions and new zones that share similar fingerprints. Inherently we will need to test such zones provided this workflow is a "theoretical success" and at such point upon succesful drilling we would have enough evidence to deliver a full picture to the market 17 about 3 hours ago @denis I think premature detailed disclosure of the siesmic findings be they potentially exciting or potentially disappointing. Would be irresponsible without drilling and quantitative data to back it up. Trust me nobody would like more than to share this exciting journey with all of you. But be patient as we need come to market with a complete picture. Thanks to all for your dialogue and interest. 16 about 3 hours ago keatsgold well we got the nr today 2 about 2 hours ago suregold As expected seismic will be released with one or more related deep drill results. Time to hold your breath. 2 about 2 hours ago ikehedges That's where my mind went.....drill results along side the seismic. That is the only presentation that makes sense. I don't believe anyone at NFG is concerned about the SP right now. The company, while doing placements over time, average up and down just like us investors!! This is gonna be so big, especially when the markets turn. 2 |
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Post by likeike on Apr 10, 2024 17:18:46 GMT
Post by Dixiedee on Apr 10, 2024 6:45am
Wow K2 is exploding with gold
Wow K2 is exploding with gold .we grow with each press release the siemic seems to be guiding them well can hardly wait for results from depth but that takes longer than these 250 meter holes take to drill
3600 meters still pending at this time
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Post by likeike on May 2, 2024 17:15:21 GMT
@novo2018 The seismic data is no different than any other geophysical survey paid for by a company. They paid for it and it is their property to do with what they want. No reason why NFG won't have news releases featuring the interpreted data, but they aren't going to release the actual data.
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Post by likeike on May 2, 2024 18:12:24 GMT
@novo2018 Interpreting this type of data is something new for NFG and other gold exploration companies. They have drilled at least one deeper hole to test their ideas about the relationship between the seismic data and mineralized rocks. Those ideas may need to be refined as they drill more deep holes. Don't expect that they will have this all figured out right from the beginning
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Post by likeike on May 3, 2024 15:33:07 GMT
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Post by likeike on May 3, 2024 16:50:05 GMT
@m7gnitude Still wouldn’t be in a hurry on the deep drilling though. Other programs I follow have taken 5-6 months to put out drill results on 1000m holes. 2 25 minutes ago
@mark0705 I agree... M7gnitude, I think everyone needs to calm down a bit. I know it's exciting, but we only setting ourselves up to be disappointed in the short term. And if we are pleasantly surprised by anything then it's all good..🤷
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