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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 Kewl002on Feb 02, 2022 1:01pm
189 Views
Post# 34389664

RE:RE:RE:RE:RE:Tidbit of info

RE:RE:RE:RE:RE:Tidbit of infoBDOG -- yes I agree.

Hopefully over time we will find that NFG is about making money for ALL shareholders. I find it fascinating that this size potential is controlled by two main players + mgmt --> If ES wasn't one of the key participants I wouldn't be here. Kettle is too new to the mining scene but this will make or break his reputation. ES has always been known as a straight shooter.

Imagine putting $400-500M of personal funds into an exploration company -- ES has risk assessed this investment and believes it's going to be a winner. No one is in a position to take NFG away from them and accountants rarely make stupid mistakes. 

Retail is just along for the ride and I expect a wild ride if/when they get the ability to assay cores fixed. What a PITA to have 35K of cores ready to go and no way to get them processed! Historical labs can't handle the volume and new technologies continue to be delayed (ie Chrysos). 

The industry will get paralyzed if not fixed soon.............




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