RE:RE:RE:RE:RE:drill results NEW FOUND INTERCEPTS 146.2 G/T AU OVER 25.6M
BlindBoy wrote: "This is a once in a lifetime gold discovery".
There's certainly no question that their drill results to date have been absolutely amazing.
In less than a year, they've transformed from an IPO to an $11 stock.
Their market cap has gone from about $176.5M to $1.64B.
And yet, they're well ahead of the pace of progress for the Fosterville discovery. At that time, Newmarket (the owner) had only recently began to encounter the high grade veins, and well before the Swan zone discovery.
Newmarket accepted the takeover/merger by Kirkland Lake valued at around cdn$1 billion.
Just re-watching a QH interview from last fall, and he said that by the time that KL had a concept of a significant resource regarding the Swan Zone, that valuation was raised to around $10 billion.
NFG has demonstrating similarly extraordinary drill results, very early in their drilling program, and at a much shallower depth than experienced at Fosterville.
QH also stated that he believes the Lotto Zone, 2km north of Keats, are geologically similar, with similar mineralization, and NOT 2 different independent systems that have nothing to do with each other.
More and more, this has the makings of a world class find, that will become the stuff of legends in Newfoundland history,
There is a lot of talk here in Newfoundland and this discovery is being described as a Voiseys Bay worth of gold!!! Certainly not there yet for in the ground metal value but could be approaching tens of billions of dollars of in the ground metal value within a year or two on NFG's Queensway property. Definitely blue sky potential for all companies involved around this discovery. Very exciting times!!!