New Found Gold Corp V.NFG

Press release

[Retiredgeo]

More hints that they will be developing Queensway North through to production.

The metallurgy will be simple in most cases.  Put the rock through a mill then a gravity separator.  Purify the product then send it to the refinery and use the tailings for fill.

There was some talk of refractory gold at Keates West but that is the exception to the rule.

[Gangsterme]

My take on the announcement.....why spend money preparing for the eventual mine development until one is assured that a mine will de economically opened, either by NFG or whichever entity might come along and buy them out. These monies, including the 25$ million on the core shack, are all pointing in one direction. Those making the decisions are absolutely convinced that a mine will be opera

[Evenkeel123]

This post has been removed in accordance with Community Policy

[Retiredgeo]

I don't think that you are catching his sarcasm.  He is a big believer that NFG will be developing a mine there.

[goldstd69]

I think a takeover or partner will occur long before the big bucks are spent on starting a mine...lots and lots of exploration will occur first....jmho

[Flyby1969]

This post has been removed in accordance with Community Policy

[AlwaysLong683]

Would rather see NFG just stick with drilling and assaying, but one advantage of showing they are moving forward with other preliminary steps toward the building of a mine along with the funds to do it is it may send a message to potential interested buyers that NFG may in fact be willing to go it alone if they can't get full value on a takeout. Because NFG has the cash and current financial