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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 surething1111on Aug 18, 2022 11:29am
119 Views
Post# 34904859

RE:RE:Eh Surething

RE:RE:Eh Surething
BeyondaBadBath wrote:
BeyondaBadBath wrote: I once had a mower with a Briggs and Sttraton. It was cr@p. I gave it away and bought a Honda that actually started.

As for Filo, thats 206 McMuffins vs only 7 for nfg in that core.

Anyone interested should take a look at their presentation. Lukas Lundin called it the best discovery of his career and he knew mining. Eric is a good guy, but hes a gambler, not a miner.



BB

Last yr. They found more and richer since:

Lukas Lundin comments, “…the potential size and scale of the Filo del Sol deposit is unparalleled to any project I have been involved with… … Our drill results this season are truly exceptional, and rank amongst the best intercepts of my career… …Filo del Sol is growing into one of the largest copper-gold-silver discoveries ever.”



BB

Bucco,
I am in no way throwing dirt on the Filo deposit, it is turning into a remarkable deposit, I'm just saying that we are comparing apples to oranges. Different geometry, different mineral, and different scale. All I'm saying is at that at the end of the day, Queensway will have many more breakfast buscuits remaining in the bag, especially when considering the huge capex, and operational costs with regard to Filo. Can you spell cost overrun in this environment, not to mention huge diesel, and personnel costs. Bear in mind these costs are growing daily, and the 20% you mentioned earlier may in fact be conservative.
Lower AISC projects should have much greater flexibility.....hence Nfg.
I like Eric, and follow. I also believe that Newfoundland is largely untapped with respect to minerals .,..gold in particular.
Sic is my largest holding, as much as I like the Moosehead deposit, I believe that the lithium deposit will be the ultimate company maker there. The expanse of the potential lithium body is huge, and if grades persist with enough average thickness, it will be an earth shattering development.
Also like Lab (Golden glove) and K9 resources (Stony lake)
As I'm an eternal optimist, like Eric, I like to keep multiple irons in the fire. 
Over time I've learned to be a realist as well.......that's why I hedge with oil companies.....check out Baytex, and Cardinal.
Let me know what you think
Best
S

PS.........might have to invest in one of those gizmos  lol
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