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.

TSXV:NFG - Post by User

New Found Gold Corp > Updated Drilling Results, April13,2022

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Comment by likeikeon Apr 14, 2022 10:40am

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Post# 34603648

RE:RE:RE:RE:RE:RE:RE:Updated Drilling Results, April13,2022

Red Back Mining Inc - The Northern Miner

https://www.northernminer.com › company

Friendly merger for Kinross, Redback Mining. In a US$7.1 billion deal that would give ... Red Back hits new high on drill results from Tasiast, Chirano ..

Highly unlikely that a major gold company would pay more than $5 billion dollars for this property or any other mineral property for that matter. Yes the in ground metal value could eventually be worth tens of billions of dollars but a major won't pay that much. They have shareholders to answer too and that is a lot of money / equity to fork out for an undeveloped deposit even if it is one of the best around. Past acquisitions prove that I'm correct on this for the most part. Of course if a lot more gold is discovered and the price of gold goes to $3000 plus an ounce than perhaps a major will pay more. But at $2000 an ounce and somewhere between 5 million and 10 million ounces I think the most a major will pay is $5 billion. Sorry but I call it the way I see it.

Mega Mega what am I going to do with you? Now that you have your minions I guess

you might have to change your name to Groot?

As I see it

1.we have a Abitibi belt in the making
2.everything is in a very compact area that we have not explored 10% of landpackage
3.Payback very quick
4.INfrastructure second to none
5.modeled after one of the most profitable mines in the world
6.record low startup costs
7.rising gold price environment
8.workforce second to none
9.mining friendly district and country
10.local government that wants to see you succeed and will help in any way

All this Mega and you want to sell it for a song...let me buy all your used trucks

please for a quick flip.

When I say 10 bill I see it as a bargain and as we get closer to the 400,000 m

from the 160,000 we are at I may become less seen as a wack job and more

as the profit (prophet) that could see the mine for the forest it is in. IKE