New Found Gold Corp V.NFG

Nuggety gold

[Stockpicks96]

My portfolio manager was saying it was an issue with much of the gold found in newfoundland. Can one of the more geo savy posters please explain why? Thanks

[Flyby1969]

Yes millions upon millions of ounces of nuggety gold! Wtf

[Dixiedee]

we have a veiny nuggetry deposit this is why we had to do so much close spacing drilling to prove up the deposit we have veins running with gold from inches wide to yards wide with large nuggets of gold and some not so large nuggets  This is a very high grade Deposit as all high grade deposits it is very complicated and most portfolio mangers do not understand these type of deposits at all

[Retiredgeo]

The occassional micro-nugget of gold in drill core can scew the grade.  If the micro-nuggets are all over the place it doesn't matter because the grade is true.  For the record no one is talking about nuggets you can hold betweeen your fingers.

[Stockpicks96]

Thank you for your answers 

[Stockpicks96]

For the record, I own way too much SIC and not enough NFG i may have bet on wrong horse it looks like, but only time will tell. Trying to accumulate a larger position here before it's too late. Good luck to all.

[1condor]

Stockpicks96...If you really need to buy NFG then wait for the inevitable dip back into the 4's. I would strongly suggest sticking with a producer and avoiding speculative plays like NFG. But then again its your money.

[Dixiedee]

Condor I have no problem buying a producer or a royalty company or even the bullion itself jr.exploration companies are not for everyone but if you are going to invest in a jr exploration company Newfound Gold in my opinion is the best in the class .as far as waiting until it gets under 5 that may or may not happen there seems to be a lot of support at 5.00 .people buy a jr exploration company not

[Global1966]

Your portfolio manager is clueless