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To: Roads End who wrote (2635)	8/12/2021 1:48:29 PM
From: sense	Respond to of 5629

Note the reported results are less than half of what's been drilled already, and what's been drilled is only 1/3 of what's planned for this season... so the results in hand are ~ 15% of the program planned for this year... I did watch the new video, linked below... It is interesting to see the 3-D modeling effort evolve... certainly at the point now where it has some real utility, although, relative to the scope of the regional potential, the modeling product is still somewhat rudimentary, as still short of the data required to make it more robust. Useful to note low grade at surface west of the fault may be providing pointers to higher grade zones to the east... and the model helps visualize that relationship, which is likely to be important in developing perspective on "the rest"... They focus a lot of "what we don't know"... but, of course, investors natural conservatism requires accepting that you don't know what you don't know... so "wait for it" applies in terms of knowing... without that suspending the operation of reason in evaluation of data and effort made in risking the potentials... without waiting for them to tell you what this or that thing means. That effort made in this video highlights a lot of potential upside in the white space between the knowns... but, for evaluation and risking efforts, it will be more useful to see them close a few more loops on the modeling efforts, so that they (and we) can do a better job of predicting what's potentially there or likely to be there, rather than pointing out white space as an unknowable... The more likely source of larger proven value near term... isn't about looking for and defining the values in the white spaces... but about closing in on the understanding of the nature of the distribution... so that future efforts in looking can be better refined and more successful in finding, faster. In the video, they talk about that work as testing up dip and down dip of the "main dilational zone". But, that has them expecting others understand what they're doing is "structural geology"... Structural geometry of orogenic gold deposits: Implications for exploration of world-class and giant deposits ... with an understanding of how pre-existing structure in the rocks influenced flows of fluids carrying gold... depositing the gold in ways that depend upon variation in the feature in that structure... USE OF STRUCTURAL GEOLOGY IN EXPLORATION FOR AND MINING OF SEDIMENTARY ROCK-HOSTED AU DEPOSITS The model they showed, though... was a singular representation of drill core results... they didn't present all the information they have, from other things... soils, radiometric surveys, gravity, IP, etc.... some of which might enable more easily seeing the potential they recognize in the white space... but, perhaps there are also competitive considerations still at this point, where awareness of the relationships developed might confer advantages in the "how to" as functional enhancement of efforts made poking at earlier stage exploration potentials... Critics have tended to focus on that aspect of "white space" being about "luck"... as in "it can't all be that good"... so they expect that drilling results produced in future as the white space is filled in will likely veer off into lower grades over time as "luck" and "nugget effects" even out. But, the point of the effort from the geologists perspective is not about collecting data randomly... but about deciphering the clues to structure... so that future efforts do a better job of targeting structures that are better sources of potential, while not just filling in the white space with with evenly distributed test holes hoping to get lucky. It's not clear yet, from the modeling, that they've tested the best Keats has to offer... and they did mention plans for stepping out east and down dip... where the model shows there's good reason to expect continuations of the rudimentary patterns already apparent... The video useful to watch as a part of putting the text in this news release into context: Three drills are currently focused on step-out holes down plunge at Keats, with several sample intervals from this drilling having been sent to the lab on a rush basis. A fourth drill is focused on better understanding the mineralization above the main plunge and towards surface with several intervals also being sent to the lab on a rush basis. The Keats zone continues to demonstrate great continuity and remains open in all directions and at depth. We anticipate additional results from this Keats drilling as well as from the Lotto and Golden Joint in the near future." Says that Keats isn't done getting bigger, yet... but also says they're getting better at finding the sweet spots as they go... so, against critics expectations, the averages might be expected to increase a bit more over time... rather than "average out" to lower values... 3D Model of Appleton Fault North - New Found Gold (TSX-V:NFG, OTC:NFGFF)

To: Roads End who wrote (2635)	8/12/2021 2:40:21 PM
From: sense	Respond to of 5629

On the subject of MOPE... which is the basis of policy creation now... I've noted before that the definition of it as "management of performance expectations" is "too accurate"... allowing people to understand what it means... so they've changed the "official" term to "management of perspective economics"... which is a bit more confusing to people who don't already know what it is... and thus assume the title refers to "perspective economics" as some geeky technical thing they don't want to try to understand... Just occurred to me today that sleight of hand intended to obfuscate... is just as easily undone by simply reordering the last two words to put them back in proper relation to the others... "Management of economic perspectives"... does the job just as well... ? Otherwise, with a simple Q & A, the impact of its implementation in the economy also easily understood: The first answer to the question is: "No". The question is: "Should you inform the frogs in the pot before turning up the heat ?" The second answer to the question is: "Ummm. Frog legs."