New Found Gold Corp V.NFG

Unlocking Hidden Value 11

[nozzpack]

Early production of one or more of the shallow open pit deposits is in transit .

That leaves Queensway South , much larger than QWN but which has suffucient early exploration and drilling data to credit it with high prospectivity potential .

Its doubtful that NFG will have the time or funding to conduct serious exploration activities of QWS in the next 3-4 years .

So , it's potential asset value will be left hidden beneath the bush of neglect  for another 3-4 years .

Which means that many current shareholders will never benefit from this significant asset.

So why not unlock the value by acquiring MAE for its early production and processing facilities while spinning out  QWS and MAEs dozen or so highly prospective gold and massive VMS deposits into a new public equity under the MAE listing .

Distribute  50% of the shares of NewCo to NFG shareholders , with NFG retaining 50%.
Initial funding by inviting a cornerstone investor and by a rights issue to shareholders .

Shawn Ryan May be available to lead the exploration team.

NFG can then concentrate by serially launching to production each of its shallow open pit deposits .

Whats there not to like .....

[shiftyone]

I don't know what I am talking about :)  I would prefer to see them keep the nugget pine mill.  Take $25 million to get Hammerdown going.  With a 1% fee on any and all gold that is processed at the Pine Cove mill.  Good luck.

[shiftyone]

ps.  that $25 million is coming from the sale of pointe rousse.  Maritime keeps their properties and starts mining hammerdown.  There are two companies that pointe rousse mill is very valuable to.