NFG has a world class high grade gold discovery When the Queensway property owned by New Found Gold goes into production it will be the lowest cost gold mine on the planet. It will have similar grades and production rates to that of Fosterville that was owned by Kirkland Lake KL that saw its share price eventually end up with a market valuation north of 15 billion dollars.
Actually, I think it will be proven that the Queensway property is much bigger and richer than that of Fosterville given the incredible early success in only 18 months of drilling at Queensway. There will be several high grade zones similar to the Swan Zone at Fosterville that can be mined simultaneously. So I can envision one scenario of mining several high grade zones at the same time with production of hundreds of thousands of ounces from each zone. We are in unchartered waters. NFG is going to go much higher than most believe. Stay tuned.