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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 > Now for seismic results
View:
Post by Gangsterme on Jan 31, 2024 9:11am

Now for seismic results

So the deposit mis starting to be outlined down to 250 m. The seismic might, stress might, indicate that it extends down to 1000m and open further. This should cause the majors to be serious about buying into this company. One can only speculate, which is what buying this stock is about.

A four fold increase in deposit size will make for some interesting speculation.
Comment by Torontohomer1 on Jan 31, 2024 8:41pm
As much as I am dying to see the results of the seizmic survey, wonder if there is a strategy behind sitting on them for a while. If they show that significant deposits are sloping and project under neighboring properties, would make sense to use that information to buy them out before releasing any news that would greatly increase their valuation. 
Comment by Global1966 on Feb 01, 2024 4:13am
What? 110 km x 2 faults isn't  enough for them
Comment by Retiredgeo on Feb 01, 2024 10:15am
Their land package is extensive.  They should already have everything they could ever want.
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