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.

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New Found Gold Corp > Bottom line with Crux

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Comment by JoanWickon Jul 24, 2022 8:07pm

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Post# 34846951

RE:RE:RE:RE:Bottom line with Crux

AlwaysLong683 wrote:

goldenrivit wrote: ...... Barricks CEO called GBR "garbage" after looking at it.....

golden please provide a link to either an article or YouTube video were ABX CEO Mark Bristow called GBR "garbage".

Here's what he did say re. GBR:

However, a Fiancial Post article does state the following:

...Bristow...said Barrick is committed to not paying premiums for assets, and suggested other gold mining companies were overpaying....He was critical of Kinross Gold’s acquisition of Great Bear Resources, saying the $1.8-billion price ascribes a value that would befit a mine with eight million ounces of gold in reserves....“It’s a piece of ground, a prospective piece of exploration ground with some bore holes in it,” Bristow said. “And the market put an eight-million-ounce resource on it. That would make it one of the biggest gold mines ever in Canada. But it’ll take you eight years to actually start building it...”

I cannot find the word "garbage" anywhere in reference to GBR. Bristow likely did think K overpaid for GBR, but that doesn't mean he didn't want to aquire GBR at a lower price, Bristow did say he wasn't interested in acquiring K and I seem to recall Bristow mocking K, so he may have called K's assets as a whole "garbage", but not GBR.

Your turn - show us the source where you found Bristow stating that GBR is "garbage".

Also, I think Bristow is deluding himself if he thinks it will take 8 years for K to start building a mine at Dixie. Sour grapes in my opinion.

We get it. You like SBB. That's fine - to each his/her own. But I think they made a mistake in deciding to build a mine of their own instead of selling. Time will tell if I'm right.....