New Found Gold Corp V.NFG

Press release

[Retiredgeo]

The theme of proving up " the regional scale of the discovery"  gets repeated.  I hope that they know what they are doing.  I would be mining the KMZ and stripping Iceberg.

[DanWarren]

Yea, I want NFG to start mining NQW ASAP, too. GEnerate cash flow to fund future drilling and eventually development of their own processing plant, if the entire QW project warrants this. But, buying the Kingsway project from LAB  for 20 million CAD seems to make sense. The total market cap of LAB at the end of Friday was $34 mil CAD. I think LAB has some other property, but not sure of the

[nozzpack]

They could have used that $20 million to fund grade control and stripping of Keats , Iceberg etc advancing them to the MRE stage in preparation for early mining. So, $20 million for a few good drill holes and yet another area to dilute  our drilling budget and our equity. But, I guess those acquisition bonuses light up the eyes too much..

[TheGreekGoldGuy]

Dang Nozzpack, NFG could have used $5 million of that to buy out Maritime Resourcers. But maybe NFG sees a much better opportunity with Labrador Gold.  GGG here, NFG is developing a monster.

[nozzpack]

You can't fix Stupid..

[Evenkeel123]

Monsters eat up all your resources and leave you shaking your head in the end. What could rich lifestyle bankers possible see in this deal?  Oh.  Do you get the picture yet, GGG?  Cheers - EK

[unclebobby]

Does NFG have an ace up  their sleeve,  will they show it soon. Share holders need to know

[Gangsterme]

Nothing in this announcement stops them from doing what you suggest. I take it as showing that the seismic study is showing to be very sound in demonstrating the extent of the ever increasing mineralization.