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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

Comment by Dixiedeeon Oct 21, 2023 5:57pm
70 Views
Post# 35694872

RE:RE:RE:RE:Eldrico, I think you are bitter from your osisko experience

RE:RE:RE:RE:Eldrico, I think you are bitter from your osisko experience
Evenkeel123 wrote: If you ask me, am I upset up the situation?  Frustration is more the right word.  No comlaints about the drilling or results, but certainly the plan going forward doesn't seem to make any sense.  It's almost as if the company is now going to experiment themselves to see what they actually have without doing a 43-101 because they may be stuck with that number going forward, whatever it is.  The same will happen to any results from the trucking/milling because I assume they have to tell us the results, right?

So Osisko is bulk mineable, and NFG has to be selective.  All the gold is narrow veins, and in my opinion will end up being low tonnage and low ounzes.  That is why the majors are not interested, and that bugs me a lot because it says alot, namely that NFG, the 2 principal bankers in the stock, may be stuck having to learn the mining business, and may take us a very long time to make any money here. Goldfileds put 1 billion into Windfall (Osisko) and not Queensway.    

I wish you fellows here would start talking to management, ask the very tough questions, and see what gives.  I think NFG knows that this deposit's size actually works against them in the sense that no company wants to buy a potential 100 year project, with very large upfront capital expenses.

If I was as doubtful as you about management and the deposit I would sell and move on to something I believed in thats saying if you are a shareholder but that's what I would do and Most investors I know would do 
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