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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 DanWarrenon Jan 11, 2024 3:40am
173 Views
Post# 35820801

RE:RE:RE:RE:Once there was a stock........

RE:RE:RE:RE:Once there was a stock........Well, I did notice that in NFGs recent presentation, they prominently placed the MOU ( Memorandum of Understanding) with Maritime Resources (MAE) in their timeline of notable achievements. In fact, this MOU with MAE was the LAST, most recent notable achievement on their timeline graphic. And, to top that off, NFG placed a picture of MAEs Pine Grove facility next to the timeline graphic.....It was an aerial view of the Pine Grove plant, including the deep water port facility next to the plant, and the great amount of acreage already permitted for waste rock.

Seems to me that NFG would not highlight the MOU with MAE if they thought this relationship wasn't going to be prominent in the not too distant future. There'd be some egg on NFG's face if this 'notable achievement' just died on the vine, one would think. Why take the risk of prominently displaying this MOU in your presentation?.

Again, it doesn't make any sense to me that MAE would pull the rug from under NFG regarding the use of the Pine Grove mill for processing NFG ore.

Such an ongoing toll milling relationship with NFG would absolutely make MAE skyrocket in value. MAE is a small market cap outfit, run by a good management, and backed by Dundee Corporation, run by Mr Goodman, where Dundee and Goodman are renowned for their savy in resource investments. And, Erich Sprott also has a stake in MAE, as well.

There are a lot of positives lined up for the partnership between NFG and MAE.

In the classic movie 'Casablance', in the ending scene, Humphrey Bogart, the jaded American expatriate, and Paul Raines ( correct name?) playing the disillusioned Vichy French Captain, walk off into the mist towards the waiting cargo plane, awaiting take off for still free French colonial territory, when Bogart is heard saying, "This could be the begining of a beautiful relationship", as the two head off to join the cause to free Europe from the Nat zi s, and shed their former calous skin of self serving disengagement from world affairs, for the great heroric adventure and sacrifice of fighting for the freedom of those conquered by the dark forces of the Axis powers.

NFG and MAE......the begining of a beautiful friendship?.......yeah, a very good chance, I think.
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