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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 > Results?
View:
Post by diabase1 on Nov 23, 2021 7:49pm

Results?

Somebody said that the SP will get down to 6.75. He/she may be right. The bias in results between ALS and Eastern will take some time to sort out. Everybody thinks that the Chrysos method will prevail. Maybe it will. What if the results from the Chrysos testing over in Perth stacks up somewhere between the results of ALS and Eastern. What then? It's going to take a little more time to sort out this problem. With that in mind, I cannot see NFG releasing any assay results for several months. Too bad NFG wouldn't give us an update on what's happening in Perth. Shareholders deserve it!! And for all those other companies that have used either ALS or Eastern for their assays, what are they doing about their results? Do they have biases also, one high and one low?
Comment by braindeadoldguy on Nov 23, 2021 8:03pm
This post has been removed in accordance with Community Policy
Comment by eldreco on Nov 23, 2021 8:55pm
Thank you, Diabase, I believe that mention:  "And for all those other companies that have used either ALS or Eastern for their assays, what are they doing about their results?" is the first time anybody has mentioned this on this board...and about time someone did! I should think that all those companies sending split-core to one or the other are quietly asking themselves EXACTLY ...more  
Comment by eldreco on Nov 23, 2021 9:26pm
Oh....and I might add.  For a number of reasons...I think that you are possibly wrong in your time-line for release of assay results.  On the one hand, you have Chrysos putting their best foot forward (and thank you, Quinton, for your great support!)...and on the other, you have two labs that are both teetering on the edge of credibility (and not just with us!)...you don't think that ...more  
Comment by likeike on Nov 24, 2021 12:06am
eldreco you da man on this issue (but don't tell Mega). I think you covered all bases. Chyrsos has been used for 3 years now in Austrialia so already has all the credibility it needs down there. Kirkland Lake being one of the first in as well with their nuggety gold problem that we have as well. You have to believe Barrick did not step up to buy a machine if they had any doubts. The only ...more  
Comment by AlwaysLong683 on Nov 24, 2021 1:17am
Other companies may be waiting for NFG to release the findings of their investigations before commenting or taking action. This is reasonable given NFG doesn't know if a bias occurred at the labs or not. From NFG's November 4 Press Release: "Two test programs have been designed by RSC with input from the Company to identify the potential sources of bias.... The first program will ...more  
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