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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

Comment by BlindBoyon Sep 12, 2020 2:43pm
205 Views
Post# 31548656

RE:RE:RE:RE:What Rob McEwen Looks for When Investing in Juniors

RE:RE:RE:RE:What Rob McEwen Looks for When Investing in JuniorsOf course, there are usually additional mines that get discovered in the aftermath (whether that be shortly thereafter, or decades later) of an original discovery, but they almost always share the same trend as the discovery event, or at least share some sort of similarity in geological rationale.
NFG's discovery hole was the greatest intercept I've ever seen reported during the many decades I've dabbled in the resource markets, so I agree that almost certainly there will be additional discoveries. 
But it won't be a matter of just throwing darts at a map, and seeing what comes close to hitting the discovery location, paying no heed to trend or geology.
Probably over 90% of junior miners end up fulfilling Mark Twain's definition of a mine: "a hole in the ground owned by a liar", because that's pretty much their battle plan, assisted by their ever eager and assertive boiler room pump and dump operatives.
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