RE:NTV News Friday April 28 NFG.
What would you expect Mr Sprott to say?
For the purpose of NI 43-101, the Queensway Project is the Company’s only material property.The Company notes that it has not completed any economic evaluations of its Queensway Project and that the Queensway Project does not have any resources or reserves. Taken from their own documentation.
Friends have asked me from time to time my thoughts on Newfound Gold. Not much to say other than they are drilling like mad and have a long way to go, not interested. Nothing wrong with the drill results.
I expect by the time Marathon pours the first dore' NFG may have a better 43-101 and by the time they get a permit to build in perhaps another few years, Eric Sprott will be retired and I'll be long gone to the happy hunting ground. Oddly, not much if anything in the way of coverage from Analysts.Unless you can find something?
One thing I will speculate on is that some of these NFLD exploration companies,Sokomin.Matador,Maritme Resources,will or may merge down the road to reduce costs. That gives Marathon or whomever owns them, the lead candidate and producer in an area of potential growth.
Just my take on it :)