New Found Gold Corp V.NFG

Crescat 120

[Retiredgeo]

A rehash of the last press release starting at 1:04:40.

As much as they say "the train is leaving the station" I don't see the commodity sectors improving until the depth of the recession.  Maybe Gold and Silver will be the exception. We shall see.

I don't believe that we will see $100 oil any time soon either.  Maybe next year.

Crescat Gets Activist on Gold & Silver #120 - YouTube

[Gangsterme]

I can see why those that are looking for a quick return are selling.....this is not what I think is a good strategy, but might work for some. Longer term this is almost a sure winner. There is lots and lots of gold here and it can and will be mined at a profit.  I Amin my mid 70's and think it is a good buy,it is a no brainer for some one younger as this is a definite winner.

[Lemmy79]

Bigger than Fosterville he said. This is very encouraging. Based on the data thus far its easy to see that this is a special discovery. It is nice to watch videos and read different publications on NFG. This company's stock will be multiples higher in the near future.

[WalnutTree]

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[Retiredgeo]

I'm not optimistic about "the near future" but eventually? - absolutely.  I can already see a very profitable open pit gold mine at Keates West.  There may be another at K2 (Keates West 2?).  The underground mines might take the back burner until the mill is built and the cash starts pouring in.  They will be wildly profitable but they will also be expensive to

[Retiredgeo]

Sorry, make that Keats.

[Lemmy79]

Yes, will take time. Near future would be 2-5 years maybe? But in the mean time, with more drilling, and new discovered zones, the stock should soak up and build new support levels. Nice company to accumulate and keep for longer term.