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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 TheGreekGoldGuyon Jun 19, 2022 3:19pm
181 Views
Post# 34767711

RE:RE:RE:Big investor

RE:RE:RE:Big investorIke and BDOG,

You guys clearly get the signifigance of NFGC 22-593. Unlike with NFG's other mega Bonanza grade gold holes, the company provided investors with the strike length and width, as well as depth of the find. This one hole may have proved up over 200,000 or more ozs of gold. Could this be the location for NFG's first open pit?  At $1200 to $1400 an oz after mining costs, NFG could net over $280 million in it's 1st year of operation, with a small initial startup mill, just from this NFGC 22-593. Because of the extremely high grades that NFG is finding, they could easily start out with a small mill. The GGG recalls that Ike suggested this possibilty over one year ago. Hopiefully in the near future, NFG will be sharing with investors their startegy for increasing shareholder value. Of course they will DRill, Drill and Drill more, but maybe ina few years it will also inclede, Mine, Mine and Pour. 

The GGG here, this board needs to quit worrying about what Q.H. did and start enjoying the reality that NFG has a great future.  It's an undervalued no-brainer. 
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