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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company engaged in the acquisition, exploration and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

Post by Frozengoldwaition Mar 22, 2023 2:48am
343 Views
Post# 35352910

Stop Drilling Start Producing

Stop Drilling Start Producing At some point  this company needs to move towards producing. Colin can wait 20 years for a cash cow the rest of us not so much. 

They can drill forever and keep epanding the resource but there is a cap on value of resources. What is the record price of a property? There is no value cap on an unlimited  $400 AISC Mine.

I would like this to be the last explorarion program. Move towards produstion.  Make a ramp underneath keats for deep drilling and future shaft plans.  Oen pit the resource close to surface.

The new guy should get it started. He already dropped non critical assets. 

The next step up in value is moving towards production..     
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