RE:RE:RE:RE:RE:$1 Billion U.S. Market Cap Achieved......?AlwaysLong683 wrote: megacopper wrote:
Rumours of NFG buying out LAB. It might happen. See if they run some good gold numbers first. I'm thinking NFG will own it all eventually and takeout LAB, SIC, NFLD and whoever else gets in their way. The boys at New Found Gold are building an empire!!!
LAB:
My guess is the only company NFG would be interested in eventually acquiring is LAB, and that is provided LAB can produce assay results along their portion of Appleton Fault that are similar to what NFG has already produced (or if NFG can obtain LAB at a really good value re. takeout price).
Another clue re. my LAB acquisition theory would be that, in addition to Eric Sprott, other NFG entities who are also involved with LAB are:
Palisades Goldcorp (largest NFG shareholder at 31%):
LAB press release dated October 6, 2020.
Quinton Hennigh (Director at NFG):
LAB press release dated December 21, 2020.
NFLD:
NFG has already farmed out claims in the Johnathon's Pond area to NFLD, so NFG is reducing, not adding to, it's land position there (NFLD press release December 10, 2020).
Further, I don't know why NFG would want the scattered NFLD claims package when NFG already has more than enough to do on its own 1,500 square kilometre Queensway project area with two faults running right through it......?
It appears to me that NFG could be drilling on their own land alone for many years, perhaps decades, and along two fault lines that hold the most promise for large, high-grade gold discoveries.....why would they spend time or money investing in or drilling anywhere else (other than LAB's portion of Appleton).....?
SIC:
Same arguments as in the previous paragraph.
Also, when you do an equity raise and you're in NFG's position, you want to use the money to drill (or build a mine) in the area(s) with the highest potential for extremely low AISC (and building a mine from the engineering stage to the construction stage to the first pour is very expensive for a junior exploration company to complete on its own). Why go elsewhere when what you already have is the crown jewel of the area which, as stated above, could keep you busy for decades.....?
Now, anything's possible, but I just don't see NFG being interested in any company other than LAB.
You are incorrect. New Found Gold and Eric Sprott are interested in all of the above. Wait and see. Yes LAB is the main target for now. But SIC and NFLD have great ground as well and New Found Gold does indeed want more prospective ground and they will be investing in these companies going forward. Like I said before the New Found Gold guys are building an empire. They don't want to sell out for two or three billion. They want to build New Found Gold into a major producer worth tens of billions of dollars. They are working at getting controlling interest in all of these companies. There is a lot going on behind the scenes that most people aren't aware of. Go look at the drilling results of SIC over the past few years. And you don't think New Found Gold and Eric Sprott aren't interested in SIC and NFLD. Give your head a shake. Knowing what they know now they want control over as much ground as possible. What goes on here over the next year with who gets what ground will have ramifications for decades with several future producing mines. These are very early days in what most likely will be a major gold district in which tens of millions of ounces of gold will be discovered. Yes tens of millions of ounces of high grade gold all near surface.