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 > NFG vs. SGD

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Comment by AlwaysLong683on Sep 15, 2022 6:58pm

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Post# 34965695

RE:RE:RE:RE:RE:RE:NFG vs. SGD

megacopper wrote:
The CEO and directors of publicly traded companies have to follow regulations with regards to making statements about how much gold they think they have. Basically they can't say what they think, they have to prove it with drill results and that is exactly what SGD and NFG are doing. Both companies will be successful and long term shareholders will be well rewarded.

What regulations are you referring to specifically?

I'm sure there are restrictions on what a CEO can and cannot say but, with respect, if you are claiming Mr. Berdhal can't provide his views at this point on how large the resource may end up being, you should be able to provide the source from which you get your information.

I don't think it is helpful to attempt to read minds about what company spokesmen are really thinking, only what they either state publicly or put in writing (e.g. Quarterly MD&As, website, PRs).

If you don't believe Mr. Berdhal is saying what he really thinks about the size of the resource, once again, name me one reputable geologist other than QH who has provided a resource estimate of 10M ounces or more at this early stage of SGD's exploration....?