New Found Gold Corp V.NFG

Exploration and news

[Gangsterme]

The company is in the process of exploring a very large and complicated mineral deposit that will require several years and likely a milllion meters or more of exploration drilling before the decision will be made how to develop a mine. There may be required several shafts. Once mining at depth has started, exploration drilling will continue.
 

The results being published, as they become available,are what is required by regulation. If they were not published then insiders might and likely would take advantage and acquire shares.

Rather than comment and complain, maybe just think why the company decided to drill 200,000 meters. It is what they, with the info they had then, figured what was required to make future decisions. Many of you are blindly commenting on the overall resource without even the minimum amount of info yet available. A few thousand more meters of core results means little, wait until the qualified company geologists make proven and inferred or implied reserves available and you will see the stock take off. Until this happens the is really no idea of the potential value of this property. As the information becomes available the likelyhood of a major investment company becoming interested increases. I greatly doubt if investment companies get their info on stock watch.

[likeike]

The company is in the process of exploring a very large and complicated mineral deposit that will require several years and likely a milllion meters or more of exploration drilling before the decision will be made how to develop a mine. There may be required several shafts. Once mining at depth has started, exploration drilling will continue.   The results being published, as they become

[JRafflesUK]

A few thousand more meters of core results means little, wait until the qualified company geologists make proven and inferred or implied reserves available and you will see the stock take off. Until this happens the is really no idea of the potential value of this property.   Agreed that until geo’s make proven & implied reserves, then the value will not be known.   However, at

[Retiredgeo]

FYI:  There is no catagory called "implied reserves".  There is nothing below "inferred reserves" which is where we are today - arguing in a vacuum.  The drill core implies that there is minable gold there.

[likeike]

JRafflesUK you got it. ES got his guidance from QH on his more than a hunch in his gut that you cannot  quantify this type of resource. This praise for QH is what got him ruffling a few  feathers but when you walk away with a cool billion the egos of others arise. ES has been in such a quiet period it is very unnerving. You have it in spades the risk reward from here is very