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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 Aug 01, 2021 9:38am
204 Views
Post# 33638195

RE:RE:RE:RE:RE:RE:RE:Drilling not yet reported

RE:RE:RE:RE:RE:RE:RE:Drilling not yet reported
JRafflesUK wrote: As I have bob Moriarty's book "What became of the Crow", I am fully aware of the problematic relationships between ES and QH and TM.

Notwithstanding any complications regarding the above:-
  1. ES appointed TM as CEO of KL, when TM was CEO of the failing Tahoe Resources.
  2. ES is still likely to be a major shareholder in KL and any of his reasonable representations ought to be considered commercially by TM.
  3. There is a possibility that KL may ultimately become an operator of mines on NFG property (at some stage one of the major miners is likely to become involved with NFG).  Therefore, the best interests of KL shareholders should be the uppermost in any decisions made by TM and it would therefore be unlikely that TM would not act in shareholders best interests.


 


Well you would think that TM would take care of KL shareholders best interest but as ike pointed out he wouldn't cough up a measly one million dollars to maintain their 20% in Eskay Mining's Golden Triangle property. Not a smart move in my opinion. I think he will regret that decision big time.


These guys at the top like TM have big egos and it's all about them. It was a big blow to him not getting credit for the Swan Zone discovery at Fosterville. I think it's obvious there is a clash of personalities with QH and TM and when ES gave QH credit (and rightly so I might add) for that discovery it didn't go over well. 

 

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