RE:RE:RE:New Found Provides Update on Technical Disclosure
Retiredgeo wrote: If you compare todays's "Lotto and Golden Joint highlights" to that of the March 24 press release the number of lines has grown from 13 to 25. I'm sure there are other examples.
It is all bureaucratic overkill in my opinion. There is nothing "new".
Yeah it is strange why they asked NFG to report these results again. It gives a slightly better breakdown of the distinct high grade intervals but really as you reported there is absolutely nothing new with regards to this news release. But yet the market didn't seem to like it. More nervous nellies sold so good riddance I say. Better off without them.
My gut feeling is NFG will release some earthshattering positive news very soon. I'm not sure how to describe it but the entire town is really excited about this discovery with everyone talking about it so there is nothing but positive things being talked about down here in Gander and nearby communities about this discovery. Most people you talk to seem to think New Found Gold want to develop this project themselves. I think it will most likely be sold to a major gold company before that happens but what do I know. It would definitely be worth more to us NFG shareholders in the long run to put this thing in production ourselves. The profits will be huge. Personally I hope that is how the cookie crumbles. If NFG wants to fast track this discovery and put it in production themselves they can make it happen.That being said it is still most likely a couple years away from any big decisions like that.
Just an observation but it looks to me that both NFG and LAB are like coiled springs ready to explode upwards. Lots happening here in NL with drills going 24/7 and the NFG's GigaShack has its metal roof completed. I'd say the grand opening will happen soon and perhaps they will have lots of butter on display for the ceremony. Thanks for the cheap shares again today. It's not going to get much cheaper folks. You are playing with the big boys now. Blastoff is coming very soon for NFG. Enjoy the ride!!!