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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?


To: marcos who wrote (8218)6/9/2020 11:12:46 AM
From: marcos1 Recommendation

Recommended By
ogi

  Respond to of 8273
 
ktn.v - resumes drilling at Columba ... follow-up holes to the following hi-grade intercepts -

kootenaysilver.com

Kootenay has spent so many years doing quality professional work, without quite the full blessing of Dame Fortune on the aspect of grade ... but it's different this time



To: marcos who wrote (8218)6/9/2020 1:39:16 PM
From: Logain Ablar  Read Replies (1) | Respond to of 8273
 
Hi Marcos:

This will be a good deal for both. NGD needs the cash and to focus / execute on current operations. They would never have the capital to move the project forward.

Blackwater was the $1.8B capital project where it was decided to do Rainy River as it was less capital, Now RR is half the gold production from the original feasibility study.

Here is a link the the Blackwater feasibility study.

newgold.com

Artemis will need to find the funding. With gold at $1,700 and if silver can move to $20+ this project should find funding (famous last words).

NGD paid (with stock) 680M Canadian for Blackwater (Richfield & Silver Quest) plus did all the drilling / permits (probably add 30M more).

BW has 8.2M oz of gold, 60.8M silver (initial production 1st 9 years just under 500k oz / yr.

newgold.com