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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

Post by goldenriviton Jul 18, 2022 6:58am
225 Views
Post# 34830637

The next take over in Canada

The next take over in CanadaGBR take over by Kinross was a desperate attempt by them to get out of Russia as they could see Putin building up an invasion force on the Ukrane boarder in Nov 21.They knew the fall out of the world reaction to sanction Russia including its exports of gold would put the company in a tough position and it needed to exit Russia like other international companies such as Mc Donalds and many other companies as the optics of operating in Russia would be a grag on a Noth American based company if it were to keep operations in Russia.So with out any resource calculation they rushed to the bidding room and out bid 4 other companies paying a whopping $1.8 billion for a grass roots discovery with at least a 10 yr permitting/construction road ahead.In doing so they missed a much better situation.No i'am not talking about NFG.SBB has a mine of 12+ million oz of high grade 6gt fully permitted and funded currently in advanced construction for 350,000 oz production in Q1/25.The gold JR market is in the tank with along with NFG.But NFG is trading at twice the market cap of SBB.SBB is trading at a mere depressed price of $500 million for its 12 million oz fully permitted funded mine with zero further need to issue more shares.Now the new kid on the block post GBR is NFG.But make no mistake about it the majors can see that the "real" gold mine of SBB has fallen in market value and in my view will motivate one of the other 4 bidders who were in the GBR bidding room to take over SBB.My guess is Barrick who told its shareholders it was looking at a project in Canada with a world class 43-101 advaned but not yet in production and lots of blue sky.Barrick also called GBR "garbage" with no resource.So my guess SBB gets the next take over bid before NFG.SBB IS A SCREAMING BUY!!!!
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