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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 nozzpackon Nov 03, 2024 2:17pm
108 Views
Post# 36294365

RE:Still discovering the extent

RE:Still discovering the extentQuite an appropriate perspective .

Neither more assays nor new discoveries will move the needle here .

Empirical demonstration of productive value is at hand, as the first mining bench ..Keat Trench..is
already stripped , it has high density channel sampling suffucuent to satisfy surficial definition drilling, and managements statements that such grade stratification is consistent with the underlying drill cores..all of which should hang very well together in the geological model and as Annalized by Leap Frog.

Grades are quite high such that a bulk sample of 50,000 tons would yield close to 25,000 ounces of gold valued at about $90 million CAD.

The Pine Cove mill is set up to replicate the metallurgical outcomes tested by NFG, it has the excess milling capacity , and, being blessed by being near a mining community, might even offer to mine and buy the mined ore under contract .

Yet, they insist that we wait until after tax loss selling devastates our share price even more than it already has, before informing us of 2025 operational plans in late December of 2024 and perhaps having already agreed to another cheap financing .

Its time that they stood up and took full responsibility for, and invoked actions, to reverse this monotonic slide in our share price even as the POG has risen by nearly 50 %.

AIMHO





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