Bob Moriarty comments on NFG Bob Moriarty:
Absolutely. Eloro is supposed to come out with a 43-101 literally in the next two weeks. I think that’s going to be very important.
But another one that’s certainly interesting, it’s New Found Gold (TSX:NFG). They’re using seismic to determine the structure of the veins in Newfoundland.
That’s interesting because that’s exactly what the people eventually did at Fosterville, which is precisely the same kind of deposit. Fosterville is the highest grade gold mine in the world today. I think New Found Gold is going to be higher grade and it’s closer to the surface.
So, across the board, there are dozens and dozens of dozens of well-financed, well-managed, excellent junior resource companies that are especially cheap now.