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Bullboard - Stock Discussion Forum New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

Metals & Mining Gold
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 > Canadian world class high grade mine is in play today
View:
Post by goldenrivit on Sep 07, 2022 10:04am

Canadian world class high grade mine is in play today

SBB has made the decision today to mine its 12 million oz mine grading 6.6gt and Barrick is kicking the tires for a take over of it as Barricks CEO stated a few weeks ago it is looking at a world class 43-101 mine in Canada not yet in production but is near term.So its not NFG its SBB.
Comment by AlwaysLong683 on Sep 07, 2022 4:33pm
Be sure to let us know when ABX (or any other company) issues a press release announcing their takeout of SBB. However, I wouldn't hold my breath - window was after the MREs were completed and before the mine build decison was made and contracts signed in my opinon.
Comment by AlwaysLong683 on Sep 07, 2022 5:18pm
To be more specific, I think the window for a takeout was between March 5, 2021 and August 30, 2021. . Once you cross the line of beginning to finalize debt facility agreements, you are signalling to the market that you plan on building the mine yourself and cutting your own financing deals. Since then, SBB has entered into many more mine build agreements and financings. Note that today ...more  
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