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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 Evenkeel123on Nov 30, 2023 3:27pm
113 Views
Post# 35761910

RE:NFG is in the midst of developing an historic gold project

RE:NFG is in the midst of developing an historic gold projectNFG is in the midst of many wonderful promises and plans.  Unfortunately, the timeframe required to make any money is going to be quite lengthy, more then most here think.  People like to dream quite a bit and make plans, put forth their scenarios of what is going to happen, how great the grades are and what is going to be made trucking the ore for processing, etc. but nobody puts any real cost figures on paper to flesh out this plan.   How many of you have read the Marathon story from inception?  Nuff said.  Do you think it iwll be any easier for NFG?  Not a chance.

Go take a look at other mines that have been developed over many years and are finally in production, and what it has taken to accomplish that task, from permitting to expenses of all sorts, and the current rising costs due to inflation can be overwhelming.  Did you know all parts for equipment from the USA?

Forget about a major buying it either.  Nobody wants to buy a pig in a poke without real numbers.

Get a clue, and forget about the nonsense you hear from permabulls.  There is no reality in them, just the rah rah song of what they wish for.

EK
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