New Found Gold Corp V.NFG

A PEA / MRE without Trial Mining has little value

[nozzpack]

Once again, check out SNOWline ..SGD..which is down 15 cents again today after releasing its initial MRE yesterday but no timelines or routes to first production.

Investors seek sustaining cash flows from early production.

[Evenkeel123]

Do you think investors are stupid, nozz?  I am sure they are not expecting a run to the moon.  Some people here have been in that stock between $ 1.00 and $ 2.00, so it has done fine with a very honest and straighfforward management team.  It is simply a consiolidation point, stop and rest, with a oortion of the land position under an MRE.  Now comes more drillang and more

[nozzpack]

SGD is at the same price as it was last August. Thats a long wait despite excellent assays. And now the initial MRE and the market yawns. Consolidation, you say. For nearly a year? For what ? Nope, long term holders see no respite from continued exploration so they are selling out. This market has little respect for explorers whose look ahead includes more exploration which means

[DanWarren]

SGD proved up 7 million oz.......but, it's WAY in the wilderness, HUNDREDS of km from the nearest road in the Yukon! No electric lines anywhere near....how many oz do they need to prove to make it a viable commercial deposit given the huge infrastructure costs they will have, and getting work crews in to stay for two weeks at a time....and what about winter...shut down in winter? NFG has NONE