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Bullboard - Stock Discussion Forum 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... see more

TSXV:NFG - Post Discussion

New Found Gold Corp > Patience guys
View:
Post by megacopper on Nov 18, 2021 9:36pm

Patience guys

Rome wasn't built in a day. These things take time. The company has rules to follow. We all know NFG has got a world class high grade gold discovery at Queensway. Let's get this financing closed and then get some Chrysos assay results released. The share price will be going much higher. The gold in the ground is still there. I'm confident NFG shareholders will be getting a really nice Christmas gift this year. North of $10 by Christmas Day!!!
Comment by rob1237 on Nov 18, 2021 11:18pm
Just hope the results are good. 
Comment by megacopper on Nov 19, 2021 1:26am
  Just think about this for a moment. Do you think NFG management would buyout the NSR on the property for $3.9 million in cash and 450k shares if they didn't have something significant? Do you think they would be increasing the number of drills to 14 drills if they didn't like what they were seeing? Do you think they would be building a $3 million building in Gander and buying ...more  
Comment by likeike on Nov 19, 2021 1:37am
Well Mega I am still unhappy Christmas will only come twice this year. I was really hoping for 3 of em. Oh well ...I am sure we could very well have 3 or more next year. Will have to remember to lay off of the rum and eggnog.  Just to be crystal clear we got Christmas first this year when we hit  the highest grade in Canada in I think forever.  What was that grade GGG ...more  
Comment by JRafflesUK on Nov 19, 2021 5:32am
Do you think NFG management would buyout the NSR on the property for $3.9 million in cash and 450k shares if they didn't have something significant? At C$8 per share, the total consideration for 0.2% Royalty is C$7.5m (C$3.9 + C$3.6). Therefore 100% capitalisation of the 0.2% royalty cost is £C$3.75bn (C$7.5m/.02%).
Comment by Bigshot123 on Nov 19, 2021 7:32am
Bigshot says you make perfect sense. Hopefully the rest of the imbecile doubters in the market will get the picture really soon. Bigshot is pleased.
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