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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 likeikeon Jan 07, 2022 2:21pm
120 Views
Post# 34294031

RE:Ok, Ike and Dan, lol,

RE:Ok, Ike and Dan, lol,Yeah Bdog the thing that has always got me was how fast they got Fosterville 

going.

Granted they had a mine on site but they had barely changed the name from the

lower Phoenix zone to Swan zone and they were mining. We do not ever require 

a big mill.

Also when you are talking close to 5 bill for a takeout that becomes a show stopper.

SEA is sitting on 60 mill oz of gold but they need 5 bill of infrastructure to mostly get

a tunnel built through a montain to get at the ore. 

It has been on the action block for over 15 years and do not think it will ever be mined.

It seems like 5 bill is just too much for any big miner to cough up so if they loosen 

their wallet that much it will be the first since Redback was taken out in Moratina

What was that price again?  IKE


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