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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 nozzpackon Apr 10, 2024 1:17pm
106 Views
Post# 35981546

The DNG Tolling Model

The DNG Tolling ModelOne of my long term investments , a gold tolling stock ( DNG ) actually buys the gold ore directly from the miners for about $0.87 per $1 of the refined value per ounce .

Net profit is about 7% of gross .

This could be done with QW ore by delivering it to the HD site where it would be purchased.
Maritime crusher and separator would then crush and separate the gold into economic grades , saving 50% in volume , and elevating milled grades by 50% .

At K2 Grades, 150,000 tons of K2 ROM ore would yield about 100,000 ounces refined .
Maritine have their own mining crews as well, if NFG wanted to contract the entire operation .

This would fit quite nicely for example for a large bulk sample, say 70,000 tons .

Only decisional inertia stands in the way..
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