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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

Post by AlwaysLong683on Jun 11, 2021 4:41pm
449 Views
Post# 33374033

Assay Results and "The Page"

Assay Results and "The Page"
In my opinion, I think NFG remains the best value among all Central Newfoundland junior exploration gold companies today in spite of its tremendous run up in share price over the past couple of months (and yes, that includes SIC fans who may wonder how I could possibly believe NFG is worth far more than 15 SICs at the moment).


My reasons for feeling the way I do can be boiled down to just two arguments:


1) The Near-Surface Assay Results to date:

May 21, 2021:   3,744 g/t x m

May 4, 2021:     2,202 g/t x m

April 20, 2021:   1,881 g/t x m

etc.

Until I see another company in Central Newfoundland come remotely close to these results (and it's possible they might), the above numbers alone are of tremendous "value" to me relative to other players.


2) The Page:

For those who wish to check it out for themselves, go to NFG's Investor Homepage , click "Presentation", Click "Download Presentation" (Presentation 2021), then scroll down to page 11 ("Project Overview").

Key points that again scream "value" to me when compared to other companies:

- One contiguous 1,500 square kilometre claims package (Queensway) in which NFG alone holds a full 100% interest.

- 100+ kilometres of strike along two faults.

- Only just begun to explore this massively promising undertaking by beginning with the much smaller Queensway North portion (specifically 7.8 km of Appleton Fault and 12.4 km of JBP Fault) which alone should keep NFG very busy for quite some time, especially given the mind-blowing cores they have already hit (NFG has facts, not hopes, when it comes to assay results - see point 1 above), and it's likely there's more where this came from in just the Keats zone alone, never mind Lotto and other zones NFG has targeted just along this small portion of total strike.

- Very promising till anomolies in Queensway South given that they too are right along strike with Appleton and JBP.

- The Visual: Has anyone ever seen such a marvelous claims package as this with two faults running right down the centre of the property from north to south with not much space between them, a major highway running straight across the property from east to west, great infrastructure conducive gold mining, land which I believe is conducive to year-round drilling (someone please correct me if I'm mistaken on this point), and a good-size town (Gander) a mere 15 kms away....?


To be clear, I am not saying shareholders in LAB / NFLD / SIC or any other company with claims package(s) in this territory won't see a big payoff in their investment - who knows what lies beneath their feet? - and this could change the picture depending on what the market cap valuations are of the companies going forward, but when I look at the property of all the players in Central Newfoundland and the results to date, I personally consider NFG to be tops by far when it comes to true "value" as things currently stand, and that includes the relative market caps of each company as they stand today.



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