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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration, and evaluation of resource properties with a focus on gold properties located in Newfoundland and Labrador, Canada. The Company holds a 100% interest in the Queensway Project, which comprises an approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Comment by megacopperon May 27, 2021 7:40pm
201 Views
Post# 33283434

RE:Possible Manic Behaviour in Newfoundland...?

RE:Possible Manic Behaviour in Newfoundland...?

I wasn't even going to attempt a response to your post given the couple dozen questions you have in there. Lol. I'm not sure if you have been apart of a full fledged staking rush before but what you are seeing is completely normal. It's a classic gold rush. Many opportunistic companies looking to raise cash and enjoy a nice pop in share price. All very normal stuff. 


Now to try and answer a few of your questions. First of all I personally would not put SASY in the same league as SIC and BEX with regards to the quality of exploration projects in NL. I don't think there has been hardly any exploration work done on the ground SASY recently picked up in Newfoundland. Anything is possible I guess but I wouldn't hold my breath on those boys hitting anything in NL on what they got. Just my opinion. Now I'm not sure what they have over in the golden triangle of BC. I can't comment on SASY's properties over there, But if you want some good ones in the golden triangle go with ESK or GOT. 

Anyways these properties with the J/V deal between SIC and BEX are good and these two companies plan to share the cost going forward. Very smart move. The guys behind SIC and BEX have a long history of exploration work (decades) in NL. Some of the best prospectors and geologists in the industry are behind these companies. I know that for a fact. So I like their chances at finding an economic gold deposit.

About a month ago you stated that NFLD didn't have much of anything. I politely corrected you on that when it was trading at 50 or 60 cents (can't remember the exact price) and it appears that NFG management, Mr. Sprott and most importantly the market, disagreed with you on that one. NFLD have excellent properties and I think they have a very good chance of success. Stay tuned because the fun is just getting started with that one. 

Some of your questions about what if this and what if that in 2 years and 3 years and 5 years is just not possible to answer by anybody. It would just be a guess. It's just like people asking me how high NFG will go. I have no idea. Nobody knows. I can take an educated guess but it's just that a guess. But anyone that has been playing this game for decades know when it's a big discovery and this one is a biggie and the grade is phenomenal. NFG is going much much higher.You can take that to the bank!!! Enjoy the ride!!! 

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