RE:Bob M article on NFGHe don't need to tell us how great NFG is, but it sure does help!
"The second company I am going to write about today is New Found Gold (NFG-V) in Newfoundland. This is the best story I have come across in 25 years. They are doing everything right and it’s a far bigger deposit than anyone understands today.
It was a totally grass roots discovery within walking distance of the largest town in Newfoundland with the Trans Canadian highway running right across the property. The incredibly high-grade gold comes right to surface.
The project is an analog of the Fosterville Gold Mine in Australia. Kirkland Lake Gold paid about $1 billion for the mine that had been in the hands of two other companies that never understood what they had. The discovery and production of a lot of high-grade gold took KLG from a $3 billion market cap to an $18 billion market cap at the high.
NFG has an almost identical deposit. Same gold style, same high grade but starting at the surface. The only reason I haven’t spent a lot more time writing about the company is that their drill results are so good and so many that no one, including me can actually guess what they have in a total resource.
I’m going to say that I think WRLG has somewhere around 5 million ounces or so. NFG might have 10-20 million ounces. If KLG could go from $3 billion market cap to $18 billion, how difficult would it be for NFG to go a lot higher than their current $900 million market cap?
NFG has a brilliant technical team, a young and aggressive management team and probably the best gold discovery in the last twenty years. Given their constant release of excellent results in time investors will wake up to the potential. The shares are down 65% in three years but the company has everything going for it.
Sentiment says Nvidia and Bitcon are reversing. Gold has already reversed and when the money starts flowing out of Nvidia and Bitcon it is going to go right into resource stocks."