Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by wajacon Mar 06, 2023 10:37am
285 Views
Post# 35321201

Mine it themselves?

Mine it themselves?It sure seems like it's heading in that direction. Spending 2.7 million dollars on a huge core shed and office complex would indicate they plan to be around for awhile. Other companies are renting space in the Gander area. So no real commit there.It's sell, option or move on. But, as I keep saying, it's not going to happen tomorrow. Marathon Gold has been around for a dozen years. They have firmed up 4 million ozs plus and are heading to production. So that's the model I believe New Found Gold will follow. We are about 3 years into the discovery. It's still early stage and we don't even have a resource estimate only wild guesses on both sides of the scale. So I give it another five years. Hope I'm wrong, but looking at time lines of similar companies gives me confidence in my estimate. We'll all be 5 years older! LOL
<< Previous
Bullboard Posts
Next >>