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.

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 Evenkeel123on Aug 17, 2023 9:06pm
169 Views
Post# 35594120

Gosh, I found this information informative. How about you?

Gosh, I found this information informative. How about you?Do you know Im very well versed when it comes to custom milling as well. Different mills and mill types recoup gold with varying efficiency. Just ask Monarch how their experiment went with the old Aurizon mill oi. They were out of business after about 5 months of haulage after losing their shirts. Shoulda just asked a pirate what he thought about that move. Did you know ore weights are taken off a moving conveyor, said weights often skewed to the upside as clients usually pay per tonne. Same with humidity levels in the rock. Did you know everything in a mill gets converted to dry tonnes and that even very dry rock has a humidity content of between 1% and 3%? Probly not eh. And try to find a custom client that doesn’t think he’s been shafted somehow at the gold pour. Did you know that when a mill goes idle that its very hard and expensive to retain the good men, the ones who know what they are doing? Very hard to get them back once you let them go too. So in this mou there’s a lot to be negotiated between the parties. In particular, how much and how to charge for intermittent small bulk samples of say 5000 tonnes, and who’s going to pay for all that standby (you are).  I wouldn’t expect a fair read on the grade either. So this mou doesn’t mean there’s a deal yet. Personally I think its a move to impress shareholders and make them think mining is imminent. ES in particular.
<< Previous
Bullboard Posts
Next >>