There will be multiple mines on this NFG property (false until proven otherwise)
There will be multiple mines on Newfound Gold property at some point (false until proven otherwise) this is a massive gold district that is unfolding before our eyes(false until proven otherwise).The size and scope of this project is breathtaking(false until proven otherwise).High grades means
higher profit margins to miners friendly jurisdiction means better chance of development.(HG in the ground does not equate to HG out of the ground)Great existing infrastructure means lower upfront costs .we have all of this and that can not be denied by anyone who is honest about this development period. (its all about the deposit, not how close you are to an ice vream stand, ask Aem with mines up north) .Yes we are still in discovery stage and the extreme early success has cast doubt on the project how could this be so high grade (in the ground does not equate to HG out of the ground)how can they continue to hit more and more high grade(well, just keep drilling the same spot from a different angle) .1st few holes where just lucky(twinned with historical, thus the Sheldon payout) but the rest was hard detailed work following the gold(and using historical hits from previous operators. Thus the whole AI database nonsense)) then they got the 3D siemic survey then they drilled a few deep holes wow more high grade gold at depth(according to them, but duds to anyone who knows anything) now they have employed the latest technology directionial drilling that's capable of going down an existing hole and horizontal drilling or drilling at any desired angle they choose to drill at (its not new. They are called wedges and have been around since the dinosaurs)
its science and technology(shiny new toys) that is guiding this drill proram and its chances of great success is very high(very low actually.Bring in a douser to interpret the squigglies)
based on their previous drill results that followed the science and embraced the best technology available to the mining exploration industry.Eric Sprott has made this his single biggest investment of his entire life he has also invested heavly in boardering properties to Newfound gold (so what). His past success while it may not guarantee success in this project success does bread success time and time again(more losers than winners. He said so himself) so
having an investment that Eric Sprott has made his #1 lifetime investment I would say you are in pretty good company (betcha you lose it all Einstein: Load up the truck)