New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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.

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New Found Gold Corp > So Snidely

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Comment by eldrecoon Sep 26, 2021 9:25pm

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Post# 33921564

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:So Snidely

Braindead,
I am not saying you are right...and he is wrong (far from it!) - but this post remains as one of the more salient pieces that you have yet come up with. Thank you.

There is more than one way to skin a cat - having this discourse is part of that process. Thanks Snidey - thanks Braindead...for giving us some ammo.
el d

braindeadoldguy wrote: Snidely, it's time things changed in this industry. Do you realize what you are saying? You know deep inside that this kind of deposit is very rare and I don't care how much you drill or how deep you go, you will not find all the gold that way. I am sure all the geos know this and serious sophisticated knowlegable mining people as well.

We don't have shareholders per say in control, we have investors and business people where the almighty dollar speaks more then the long term potential of this land, with stock being the vehicle through which they control the comany. I will bet you now that once developed, the mine life will outlive many of us on this board. How about 35 years minimum? Just a guess right now, Along with a good profitable mine usually comes a dividend and high share price, which is not so dependant upon the price of gold within reason as it is dependant on good mining management skills, cost control, and many other things.

I hope you are wrong in your assumptions. I dare say that Mr. Sprott also has a different mind about things with his past experience. He is motived by profit, yes, but he will also love that moment of deep inner satisfaction when it comes, to say "I told you so.

Cheers