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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 Retiredgeoon May 03, 2022 2:33pm
139 Views
Post# 34652054

RE:RE:RE:Larisa Sprott

RE:RE:RE:Larisa SprottI believe this debate is over a possible takeover, not mining plans.  I'm not expecting a preliminary resource estimate on Keates until at least the end of this year (probably in the vicinity of 5-10 million ounces).

Does Eric have more plans for NFG? - probably.  If he keeps buying more shares from treasury and buying out smaller players, eventually, he will own 51%.  Does he have to buy out Collin? - not at all.  On the flip side why would Collin want to sell the golden goose laying one golden egg after another?  I foresee him being a long term player who will sell out in 50 years time.
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