Post by
Delphi008 on Mar 07, 2021 9:25am
Interesting comparison.......
In his report last week Luke Burgess, Editor of the Junior Mining Trader, compared NFG to Aurelian Resources who owned a high grade project in Ecuador in 2006. After releasing impressive drill results, shares of Aurelian went from 70 cents to just under $40. Some of the results that caught the attention of investors were:
38.6 g/t over 10.5 meters
97 g/t over 14.8 meters
149 g/t over 11.5 meters
24 g/t over 189 meters
It was this last hole (CP-06-57) that sparked the rally and caused Blackmont Capital's Don Poirier to remark, "This is one of the best drill hole results we have ever seen. We are excited about this new discovery, believing that it represents one of the best in the past decade." Even though Aurelian went on to report even better drill holes, it was CP-06-57 that put Aurelian on the map and the company would eventually go on to be bought out by Kinross in a $2.1 billion deal! Luke Burgess believes NFG has all the makings of another Aurelian and will be the #1 gold stock of this decade.
The rich get richer, eh Eric.......!
Comment by
lifegoeson on Mar 09, 2021 9:59am
Megacopper.... I agree, Nfld is a great place for resource companies to do business. Way back in the day I remember when BRE-X was running like crazy, but in the end, it was all a scam and the cores were salted. This lead in part to the modern day 43-101 reporting standards. NFG has a tiger by the tail and I am sure this is going to lead to great returns for everyone.
Comment by
wajac on Mar 09, 2021 7:11pm
'Actually Newfoundland's track record of giving away its natural resources for peanuts will work in New Found Gold's favour. Just ask Quebec Hydro or Exxon Oil who did ok off Newfoundland's resources. I'm being just a little bit sarcastic.' Not something us NLERS want to hear! But unfortunately there is a lot of truth in what you say.