Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Snidelyon Sep 28, 2021 12:58pm
204 Views
Post# 33931061

RE:RE:RE:RE:"Jewelry Boxes Defined"

RE:RE:RE:RE:"Jewelry Boxes Defined"Not as easy as you would think.  My understanding of Canadian mine permitting is that if the land package is all held in common that NFG would need to do a FS on the entire property, not just that single area that you are mining.  On top of that, all of your facilities (processing, tailing piles, etc.) would need to be consistent with your defined resource and mining plan.  That would leave NFG in a situation of having a small inadequate operational facility that they would eventually become a sunk cost because of its inadequacy.  On top of that, your defined resources for the entire property (because of the permitting requirements) would look miniscule.  Sure, they could do continued exploration and try to amend the mining plan every year or two like other operating mines... but if you look at those operations, the market never values them based on the undiscovered resource, rather on operational performance.  

If NFG is going to move to production (which granted they may end up doing - I don't discount the possibility although I am not currently seeing it), it is not something you do halfway on a little low-cost piece of the overall property.  
<< Previous
Bullboard Posts
Next >>