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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 wajacon Jul 23, 2022 10:11am
132 Views
Post# 34845297

RE:Has anyone seen this?

RE:Has anyone seen this?An interesting read but somewhat on the negative side. But that's alright as all evaluations are important from the extremely negative to the extremely positive. And on this board it's been almost all extremely positive. Crux Investor claims that reports are written by world class analysts but no names are revealed. So perhaps reports are written by clever writers who do not necessarily know a lot about their subject but know how to turn a phrase.That being said the review is a welcome addition to the narrative. But in the end the drill will tell the tale. The Queenway property extends over 100 km. Queensway North, approximately 8km is a small section. The Appleton and Joe Batts Faults run the length of the property and is part of the larger Central NL gold belt. It will takes years of drilling to determine the value here. The comparisons to Fosterville in Australia and Red Lake in Ontario are not unrealistic. One can always find fault with how a company operates especially if you start with a negative opinion of the company. It's called confirmation bias. Confirmation bias also exists when you have an extremely positive view of a company. A long overdue realistic appraisal would be refreshing.
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