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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

Post by Evenkeel123on Nov 10, 2024 4:27pm
125 Views
Post# 36305845

Well, such kind people here. Let's try again shall we? NFG

Well, such kind people here. Let's try again shall we? NFGThere is so much misinformation here about NFG its laughable. The cost to transport would be in the neighborhood of 65$ per wet metric tonne today. More in the future. Sorting at the mine, or gravity only then moving the "concentrate" would result in a lot of lost gold which kind of defeats the purpose of mining it. The details of the mou are not public that Im aware, but I would assume it only gives nfg a right of first refusal should mae custom mill for other parties. I highly doubt it would apply if mae wanted the mill(s) for their own use, which appears to be the case at present. If they opt not to build their own mill it will be because they dont have enough ozs to support the cost of building one, in which case you might want to run away real quick. Your president has said an mre would kill the stock price. Do you find that your president credible? If so then why dont you believe what he says? Eric has said the same in general terms, that mre's usually disappoint. That being said, they are doing the right thing by putting one out. Shareholders have a right to know and the market is demanding one as evidenced by your sliding stock price. Finally, they said mre and pea in Q2. It will take at least 1 qtr for any further drilling to be completed, shipped out, assayed, and the results to be incorporated into the mre and pea. That doesnt leave much time for additional drilling. So drill baby drill and dont stop 3 weeks for Christmas either, or because its minus 40 out there.
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