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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 Evenkeel123on Oct 22, 2024 10:25am
126 Views
Post# 36276619

RE:RE:RE:We need something big to catapult the share prices into sky.

RE:RE:RE:We need something big to catapult the share prices into sky.When someone is told that they better tow the line and that all responsibilities lie with the CEO, then you follow along in most cases.  You all know that CK has written news releases and statements that were ordered to be corrected by the powers that be.  Those are not dumb mistakes.  Are they miscalculated misdirection?  I don't know, but it gets to the point where you have to question everything that comes out of the office.

Look at the example of the presentation at Beaver Creek.  It was pulled in about a nanosecond, and very few people know why.  It's just another question mark in a seres of questions.

I think they are struggling to find a way to make this ground pay.  The deep drilling is just one such attempt.  It is highly likely that most are dusters, and some will have some gold in them, but it will likely prove to be uneconomical to mine unless they get very lucky and hit a feeder system.  

So much money spent for nothing when they could and should develop what they think they have.  The question is, why haven't they?  What is the main issue?  I think it is trying to find a way to make it pay, pure and simple.  Expenses run high along with the price of gold, permits, feasability, etc.

It all counts, and so the game continues.  Time is no longer on the side of NFG.  They spend money like crazy, dilution is coming in a huge way, and I think buck might be right, 50 cents could be coming If this continues.

EK
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