So let's repeat from Bob Moriarity just yesterdayNew Found Gold has made one of the most significant gold discoveries in Canadian history, certainly in Newfoundland history. It has a tiny public float and is still below the radarscope of most investors. The company touched $13.50 before making a perfectly normal 40% correction. It’s moving higher now. At the time of the takeover the Swan Zone showed an ultra high-grade of 60 grams of gold to the tonne. But was only two million ounces. They are going to run out of ounces soon. New Found Gold has higher grade gold in a more favorable jurisdiction that starts right at surface. NFG is going to be a lot bigger, richer and much cheaper to mine than Fosterville.
As you will see in their latest two videos, New Found Gold almost certainly has a lot more gold than Fosterville. Maybe ten times more gold. Eric Sprott has a bigger position in NFG than he did in Kirkland Lake/Newmarket. And down the road he is going to make a lot more than $1.5 billion.
Maybe ten times more gold.
What is that Bob?
Maybe ten times more gold.