RE:NFG market cap soon to be in the billions I basically said it all in an earlier post below this morning. We (the average investor) are just figuring out what the NFG geologists and Dr. Quinton Hennigh have known for sometime that this is a very rare spectacular high grade gold discovery. The scale of which I'm sure will surprise even the most optimistic investors. Eric Sprott understands it and that is why he has been continuously buying shares. And they are only drilling at the Queensway North region on a very small part of the Appleton fault system. Just wait until they get down drilling on Queensway South near Eastern Pond on those larger targets which potentially could be even better than Queensway North. As Dr. Quinton Hennigh would say, WOW!!!
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Read the excerpt below carefully. It is my belief the Queensway property will eventually surpass the Fosterville discovery due to the huge scale of the Appleton fault that has been traced well over 100km through the Queensway property. The discovery at the Keats Zone and Lotto zones are offshoots from the Appleton fault. Lots of deep holes have now been drilled into the Appleton fault where they have traced the Keats zone (near surface) back to the Appleton fault which goes deep into the earth's crust. Of course the gold at the Keats and Lotto Zones came from deep within the Appleton fault. The amount of gold that will be discovered on the Queensway property will be mind blowing. These guys are onto one of the largest high grade gold discoveries on the planet. Once the drill results come back from holes 118 and higher that were drilled down deep into the Appleton fault NFG will enter into the billionaire market cap status. Fasten your seatbelts folks because it will be a wild ride!!!
There are a few takeaways investors should ponder. The distance between the Lotto zone and Keats is about 2.5 km. Lotto has similar grade and thickness to the latest holes at Keats. Lotto is very near surface, which means open pit is certainly possible. If the system connects between Lotto and Keats, which is again possible, only drilling will tell the tale, NFG, has a deposit that is going to make Swan look like chump change. Don’t forget, Swan helped take Kirkland Lake from $2.4 billion to $16.85 billion.
Someone did a grade/thickness report for me based on the five holes released to date by New Found Gold. It shows 39.8 g/t Au over 21.25 meters and certainly is similar to that of the Swan zone of Kirkland. But Queensway appears to be a lot larger and much closer to the surface.
The market has been looking for a good story to get behind. I believe this is it. You have an incredibly high grade gold deposit near surface located on a highway and only a couple of miles away from a major airport in one of the most mining dependent countries in the world. The mob of unwashed investors who have been chasing Hertz into bankruptcy, Tesla and Bitcon need something to wake their a** up. New Found checks all the boxes. They have a major drill program in progress so there will be news on a constant basis. The company has something like $75 million in the till and can work year round.
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