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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 > Looks like a mine maybe coming
View:
Post by Dixiedee on Jun 07, 2022 7:12am

Looks like a mine maybe coming

From the last release it looks like an open pit mine maybe coming sooner than anyone thought 
20 km of strike high grade near surface 
and hiring a guy to look into how they can get it done 
next phase coming in parallel with the dril program not after 
this should super charge the stock price once the plan is set out
Comment by Retiredgeo on Jun 07, 2022 7:40am
It is a leap of faith to assume that NFG is going to mine this themselves.  They could be prepping a sale.  We can agree that mine development is entering the preliminary planning stage. Today's press release reinforces my opinion that we will see a maiden resource for the top of the Keates zone by the end of this year. A BMO analyst predicts that the high grade core of Keates ...more  
Comment by GGGsOldFriend on Jun 07, 2022 8:01am
"With its success to date the Company has decided to accelerate work in parallel to the exploration to assess and execute on value creation opportunities at Queensway, and Ron will lead this effort. Ron has successfully managed a number of major mining projects from the study phase through detailed engineering, construction and into operation."
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