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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 > Seismics Pairing to Cores Going Quite Well
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Post by nozzpack on May 30, 2024 5:48am

Seismics Pairing to Cores Going Quite Well

It's been understood to my knowledge that the deal to buy LAB was, in its finality ,  based on NFG Seismics survey that strayed into Kingsway .

Apparently the return acoustic imagery diagnostics have paired so  well with core diagnostics and lithology that it's statistical evidence committed the deal.

If this derivative has its feet in the ground.......excellent pairings would not be unexpected....things are going very well in the deep underground sound chamber.

If so, seismic extrapolation of shallow resources to 1000 meters across the broad spatial spectrum of Queenie can be undertaken with acceptable statistical conviction ....and indeed underway

Now that would be a real game changer..

AIMHO

GLTA
Comment by groundhog on May 30, 2024 1:18pm
Nozzpack, I have been reading a lot of your interesting and informative posts, and I share most of your opinions, but sadly enough, current NFG share prices haven’t reflected on the company’s challanging undertakings.   It has been a long time since their last news release and I hope something will come out shortly to give the S/P a boost.   GH
Comment by Evenkeel123 on May 30, 2024 4:29pm
I am not so sure you want a news release.  Over the past few, the stock has dropped after. I think expectations are far too high for an explorer that does not want to put out an MRE, even on a section, say Keats, on the stupid reason that they will be stuck with that number.  Well dah, what are they really afraid of?  After all, the gold is oozing out of the ground, eh?  Some ...more  
Comment by nozzpack on May 30, 2024 6:30pm
Thank you. But events can change quite quickly . The key development is converting from a pure explorer to a producer. Production is the most effective and efficient indicator  of grade and resource size . They have a debt free milling source capable of 200,000 ounces per year . The mettalurgy matches the milling source almost perfectly . Economics are well known and mining crews available ...more  
Comment by unclebobby on May 30, 2024 8:49pm
I also enjoy your knowledge and views,  and  facts will present itself,  hopefully  as said  2Q . Looking forward  to the ride to the moon. Facts are facts  cheers  jmho.
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