New Found Gold Corp V.NFG

Highest grade gold intercepts in many years; $20 Target

[speedyg999]

These last 2 press releases show the highest grade gold intercepts about ever reported. They remind me of when I worked at the Homestake Mine (40M oz Au), where a former mine manager told me that the highest grade mined zone at Homestke was in the 1950's(?) when they stoped into a feeder zone that had a 1 1/2 inch wide vein of pure electrum. They had the shift bosses mine it out. I expect that when NFG runs into one of these main feeder zones that we might see something similar for NFG. 

These data suggest that this NFG deposit could be the world's lowest cost gold mine when developed. The majors like Kirkland Lake Gold, Newmont, and Barrick must be salivating over this system now. I see a $20 price target, before any of these major mining companies try to buy them out. Not bad!

[Spikearoo1]

Yes very exciting.   Let's not hope for a buy out.  Its way too early.  I'm sure the big boys have certainly taken notice of this discovery. Like several have said, Barrick started out as a junior as did KL.  Let's hope this is the next MAJOR player in the mining business. What is most surprising is that all of the other juniors today have done nothing. 

[goldanalyst]

shhhh....I have been quietly accumulating shares in  all of those companies you mentioned on the cheap!!!  LAB, NFLD, SKYG, SIC plus GSS and others~ The entire region will catch fire soon~ Accumulate while they are still relatively cheap~

[oldfx1]

This post has been removed in accordance with Community Policy

[speedyg999]

Kirkland Lake Gold will buy your shares at $19.99! Buy the dips!