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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 Dec 29, 2021 12:11pm
208 Views
Post# 34267872

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NFG has a world class high grade gold discovery

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NFG has a world class high grade gold discovery

likeike wrote: Agreed Mega GBR was a sell out that management had no idea how to manage so 

the shareholders got the short end of the stick and are happy. When they finally get

a mine going a few shareholders will come to the realization they got the shaft. So sad.

But alas again you are coming up short in the optimism department.

Appleton I give you JBP.....that is just the beginning.

Maybe you should get some glasses so you are no short sighted.

I love you like a brother Mega but you got to get up and smell the capacciono.

We sell out in a year we will never reach our true potential for what we have.

You have heard of diamond in the rough? Well we are far more rarer than that

and believe their will never be another find again like it....tuely one of a kind.

You only like what you are seeing because you are near sighted and lack the 

imagination to see the big picture.

May there be electrum under the TCH.....love you man IKE

 



Well I'm thinking it could be another year before we get a formal offer but that doesn't mean Eric/Palisades have to accept it. The reason I say it could be another year is that most majors like to see a 5 million ounce plus resource so that is definitely achievable for us within a year. And that is some of the highest grade ounces on the planet  in a very friendly mining jurisdiction right next to available infrastructure next to towns, power, airport and even Tim Hortons within a 15 minute drive from the site.


Hello it doesn't get any better. The AISC at Queensway would most likely be only around $500 an ounce. The profit margins would be huge. This property would be very desirable for any major gold company. However if NFG decides to mine it themselves the longer term prospects for NFG shareholders would be incredible. Whatever the outcome we are looking at several multiples to current price levels in my opinion. NFG is a great buy at current levels. 

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