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Post by likeike on Mar 18, 2024 16:44:55 GMT
@snidely Although Snowline has got a few sniffs of some high grade intercepts, it is such a different style exploration project than Queensway. There is plenty to tout at Snowline with those monster intervals going up to 500 meters of pretty consistent mineralization (2-3 gpt). I can see why people are excited about it, and rightfully so. There is a cookie cutter mine development model for something like Snowline’s Valley/Rogue discovery that doesn’t exist for Queensway. And that is just fine. There wasn’t a prior model for Red Lake before it became the monster that it was, and the same for Fosterville. I truly hope the Snowline guys kill it (and I say that not owning any shares in SGD). But comparing Queensway to Valley/Rogue isn’t like comparing apples to oranges, it is like comparing apples to cheeseburgers. I do get some of the skepticism for NFG and Queensway. It breaks traditional molds and I think the potential and opportunity defies traditional thinking. And because of that, NFG is going to have to swim upstream a bit more than other big discoveries might not have to - and that is going to take time, but I do believe that our patience will be rewarded in the end. 7 about an hour ago @snidely Who in this industry has that kind of juice these days - that all they have to do is talk up a company and it bounces right away as a result? There are plenty of things to fault QH for (like NVO), but to kick him for not having enough pull to move junior explorer stocks entirely based on his reputation is one hell of a stretch... even for you. 5 37 minutes ago @goldchad Always popping up like a bad penny. 1 14 minutes ago @snidely @aardvark Have I not been preaching on here patience and keeping expectations tempered the entire time? And there is no trial mining this spring. They will be doing bulk sampling on the Keats trench area. I haven't yet been able to nail down what the limitations are for bulk sampling under their most recently renewed Exploration Approval Permit - but they could be limited to as little as 500 tons. But yes, the overall recovered gold in that bulk sample will be big news that I am very excited for. But to your overall point, even in a favorable jurisdiction like N&L and even having the deck stacked in terms of available infrastructure - advancing any exploration project to producing mine is a long, arduous and expensive process. I got pushback a couple days ago when I suggested that advancing to full-scale production could cost upwards of $1b. I don't know all the specifics and how they exactly play out for NFG/Queensway, but I have read more FSs that I care to admit (and been involved with some projects myself) to know that every new mine is an insane financial undertaking. But that isn't some issue that is unique to NFG, still I think it is a tad naive and foolish to think that NFG has some magic silver bullet that allows them to avoid that. But what NFG does have is some sweet ass high-grade deposits that are very close to the surface. And I do believe that is going to make a substantial difference in the economical model for a future Queensway mine. So I am I bullish? Hell yes. But I also hope that I am sensible and grounded too while still being bullish. 1 7 minutes ago @nfg-long So Aardvark/Evenkeel, rather than complaining and criticizing other peoples opinion, why don't you share with the board, your estimates of the time and costs for an NFG start-up. personally, I don't think you have a clue, prove me wrong.
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Post by likeike on Mar 18, 2024 19:35:26 GMT
@nfg-long Aardvark, I guess I am not an expert about gold mining like you are, but I am certainly capable of acknowledging that NFG has only been exploring Quennsway for less than 3 1/2 years and they deserve the time to explore the property to their satisfaction, before finalizing a mining plan. A failure by New Found Gold to make the right decision could be catastrophic for the company and its investors. Your lack of patience and criticism of New Found Gold's management is feeble and reeks of insanity. 2 about an hour ago @snidely @aardvark Yes, I am quite high on NFG. I have also been involved in enough businesses in these stages (mining and otherwise) to know that however long and however much you expect it to cost you need to double both. If it doesn't make sense after you double both the anticipated time and cost, then you need to plot a different course. Fortunately, my thesis for Queensway still works just fine under those conditions, so that is why I remain bullish and why I am holding long. As for suggesting that I didn't answer your question about trial mining, I thought I was quite straight forward answering that - in like my second sentence. 3 about an hour ago
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Post by likeike on Mar 19, 2024 15:25:08 GMT
@snidely Bulk sample results the next big NR that I am waiting for 3 18 Mar 2024, 17:41 @snidely Need to ask Denis or someone else in management how big the bulk sample will be 3 18 Mar 2024, 17:42 @nfg-long Snidily, I apologize for for my innocent comment about your posting on the other side. I meant no disrespect towards you. I appreciate your knowledge about mining and the fact that you share it on the message boards. NFG is exploring a very complicated system and very few people have a good understanding about what they have. Like you, I am hoping that NFG is getting close to making a decision regarding life after drilling. Hopefully that decision will happen during 2024. For now, I am willing to give NFG's management the benefit of the doubt and trust what they doing. So far, I have not read or heard anything to weaken my resolve. 9 18 Mar 2024, 18:23 @snidely It is all good. I know not everyone agrees, but I subscribe to the idea that you always argue with trolls in public. Not because there is any chance of changing their mind... but you do it publicly so that everyone can see and you might change their minds. While there might be some of the NFG bulls who think that I am not cheerleading the stock enough, but who I am hoping to reach are people who are skeptical of the rah-rah types, but would be more receptive to a more subtle and restrained explanation for why NFG is a good exploration play. 10 18 Mar 2024, 18:48 eldreco Snidely - good words. 3 18 Mar 2024, 19:03 @11111 @snidely Good on ya. While not my strength here, for sure yes in other settings. 3 about 5 hours ago
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Post by likeike on Mar 19, 2024 16:43:28 GMT
Very good posting today guys. Myself representing the Rah-Rah team or dare I say the over exuberant crowd (that the trolls like to swing freely at) it is
about time I post let's call it "my feelings" at this time. I might be wrong but I think QH was strongly pushing seismic to be done over 2 years ago when
he was still NFG's chief advisor. I believe he was doing this knowing how successful it was at Fosterville and may have been privy to some knowledge there
and maybe advising them. The thing being that our system has become many fold bigger and impossible to even speculate what lies below. Was it just a year
they confirmed the Hyseis program for the summer. All of us expected the company to be more forthright with what they found but think they found themselves
to be more concealed as conjecture could be seen to be more material then it truly is. Seismic is still relatively new to this industry and is not as
black and white as it is to say the petroleum industry. True in fact we have more than just a little data subject to interpretation. I do hope however the
seismic done at Fosterville is more than helpful as a Rosetta stone. Every morning when I turn on my computer I first see my wallpaper of the seismic and
say to myself "dang there is a lot of structure down there". I have been vibrating a bit since QH on Crescat Friday basically said the same thing. His
green line showing how deep the drilling has gone so far shows clearly how little has actually been scratched. With Quinton Henning saying that things S look far better than at Fosterville I am very disappointed that no one has come forward with a opinion or conjecture. Are we just waiting for the trolls
to say they are meaningless squiggles before we voice an opinion? May I go out on a limb and say we probably have two or three times the gold down below
without much of a stretch. Very much I believe the structures near surface have been confirmed and may very well show us at least a couple we have missed.
Was K2 a product of Seismic? I am still amazed at drilling that many holes and only having 2 dusters. Any or all comments welcome.
Put this on the main board and watch how fast it becomes fodder for the trolls.
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Post by likeike on Mar 20, 2024 13:52:43 GMT
@ataloss1 Nfg needs to start processing that trench material. No company or individual is free while under the thumb of bankers and their games anymore. Legalized theft is killing the notion of investing. If shorts were this bad Henry ford would never have built a car factory
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Post by likeike on Apr 6, 2024 16:54:41 GMT
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Post by likeike on Apr 10, 2024 20:28:06 GMT
Comment by Kincar3on Apr 10, 2024 3:35pm 22 Views Post# 35981928 RE:RE:RE:Wow K2 is exploding with gold I don’t agree with this idea that raising money to explore for gold is dilution. They are exploring the site, it looks promising, and the fact they can raise money at all right now to look for more gold is beneficial. Or, accretive. If they raised $50mil and spent it on drilling (or fat salaries and big parties as some here have complained) and at the same time also didn’t find any more gold in the ground, that would be pretty dilutive, to be sure. But instead they have raised money in a tough environment for prospectors, and found more and more gold. I agree with your idea that the SP is held back by the need to raise more capital. That’s the speculative part, which is what I am doing. I imagine they will continue to find more gold and that it will be worth multiples of what it costs to find it. If they have to raise money again, sooner or later, and I hope they can, I will let my bet stand; even with a downturn in share pricing, since I am speculating the new money will generate more results like those to date, or better.
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Post by likeike on Apr 11, 2024 0:21:17 GMT
Comment by Dixiedeeon Apr 10, 2024 5:26pm 50 Views Post# 35982203 RE:RE:RE:RE:RE:Wow K2 is exploding with gold I know it hard to wrap one's head around an exploration company actually doing exploration but that is what NFG is and that is what they are doing and you talk about dilution it all depends what they do with the money day to day operations well that would be money spent dilution money invested on actual drilling well if they find more gold in the ground than it cost to drill then it would not be dilution it could actually be the opposite yes they have found a lot of gold share price hasn't always reacted to the positive results right away but at some point that changes and the market say holy cow look at all the gold newfound gold has in the ground an it gets revalued at it true value .Patience is a virtue and when you invest in the gold sector and the jr space you need a little patience sometime. Newfound gold starting to mine one of their several extremely high grade near sepurface deposits that could be a possibility we just aren't there yet we need to drill using the siemic to expand some existing zones and drill to depth before a real concrete plan could be acted apond Iam sure they are looking at. It. Along with many other sernario we just need to let this great management team complete the tasks at hand so they can continue to make more great decisions for all the shareholders in a timely systematic way
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