RE:RE:RE:How to develop a Tier One Gold AssetEvenkeel123 wrote: The unanswered question is, when will the company produce a positive deposit in the bank from the sale of gold? That, my friends, is the big one. How many years before they show a protit. None of you longs has a real clue. You can have all the bonanza holes you want,, and all the plans you think will do the job, but the truth is the company is years away from putting dollars in the bank.
In the meantime they continue tos spend spend spend, with no end in sight.
We'll see what the next financing produces.
EK
Every dollar spent on drilling and exploration and acquiring land has paid off This is a billion dollar company and the deposit is growing weekly and soon will grow exponentially when the 3 D siemic survey shows them which holes to drill to depth.coming up with a resource at this time make no sense
like Eric Sprott said at this point it's wasted money because any company interested in acquiring any one of these many deposits will do their own before making a final offer .and frankly they most likely will begin mining the shallow stuff themselves .you can be as negative as you want on newfound gold
but they have moved this project ahead at lighting speed and have been very financially responsible
Iam glad to be a shareholder and will continue to buy the dips
this is a massive land package and we have lots more to go but we will proably see a couple mines here while we still explore and expand this massive gold district