RE:RE:RE:NFGOK This is not my post - credit goes to Megacopper - a long-time stalwart on this board. I sent a copy of this to a small side group that I inform about stuff like what you have asked. And I'll share it with you. Enjoy.
el d
RE:RE:RE:RE:RE:RE:RE:I hope that is not what we will read regarding NFG.
suregold wrote:BARRICK made initial offer for Arequipa after only 6 holes drilled. Arequipa did not accept initial offer. They managed to drill another 7 holes I believe and Barrick upped offer to around $1 billion CDN if memory serves me correct. Lots of examples of explorers getting bought out before resource estimate. But Areqipa took the cake. Peter Munk was proven brilliant when it all worked out for Barrick.
Yes Peter Monk was very clever. Arequipa sold out far too early. I don't think they even believed how good that deposit would turn out to be but Peter Monk certainly did. These guys like Peter Monk years ago and Eric Sprott and now Colin Kettell can easily see how a property that has great early success will keep finding a lot more gold.
That is why you see big majors willing to take a chance on a buyout of a company like Great Bear Resources before they even come out with a resource estimate because they know the property will continue to deliver gold for 15 to 20 years and beyond. The same will most likely happen to New Found Gold and the majors will most likely be sniffing around before they come out with a resource estimate but I'm thinking whoever makes a bid for NFG will be paying a whole lot more than $1.8 billion.
NFG's Queensway property has favourable geology along the Appleton Fault right through their 100 km long property. NFG has discovered 3 significant high grade gold zones each being compared to the famous Swan Zone at the Fosterville mine in Australia that is well known for being one of the richest gold deposits on the planet. That zone produced a lot of high grade gold in a very short period of time that help propel Kirkland Lake's market cap north of $15 billion or $70 a share. For any new investors in NFG it is worth your while to read up on the Swan Zone at Fosterville and you will soon understand why we are so excited about NFG's Queensway property.
It's absolutely mind blowing how much visible gold they are seeing in the drill core. Watch the videos below and you can see for yourself how good NFG's Queensway property is and you will be buying a whole lot more NFG like I have. NFG is the real deal in my opinion and the huge property could easily host tens of millions of ounces of gold along the Appleton Fault and they have only drilled down vertically to the 300 meter level. These type of orogenic gold systems can easily extend to 1500 meters deep and beyond similar to the Fosterville deposit.
https://m.youtube.com/watch?v=S6aU-VD_Q54
https://m.youtube.com/watch?v=6e5KM7UHhoE
https://m.youtube.com/watch?v=iKGl1o7ONRo
Lookingforclues wrote: eldreco wrote: Lookingforclues wrote: Hi,
Can someone give me a brief synopsis of what is happening with NFG..
I have heard some 'Tongue in Cheek' stuff.
Ty..
So, you can't figure it out by going through the stuff already posted? And, from your previous postings - you do know how to do that!
OK...a brief synopsis...buy some!
I can't make it any clearer to you.
el d
OK......thanks...There js a lot of stuff on S/H and CEO, but I shall plow thu it, unless there is another 'kinder' person out there! Ty