Post by
Dixiedee on Jul 21, 2024 10:50am
There will be multiple mines on this NFG property
There will be multiple mines on Newfound Gold property at some point this is a massive gold district that is unfolding before our eyes .The size and scope of this project is breathtaking.High grades means
higher profit margins to miners friendly jurisdiction means better chance of development.Great existing infrastructure means lower upfront costs .we have all of this and that can not be denied by anyone who is honest about this development period .Yes we are still in discovery stage and the extreme early success has cast doubt on the project how could this be so high grade how can they continue to hit more and more high grade .well 1st few holes where just lucky but the rest was hard detailed work following the gold then they got the 3D siemic survey then they drilled a few deep holes wow more high grade gold at depth now they have employed the latest technology directionial drilling that's capable of going down an existing hole and horizontal drilling or drilling at any desired angle they choose to drill at
its science and technology that is guiding this drill proram and its chances of great success is very high
based on their previous drill results that followed the science and embraced the best technology available to the mining exploration industry.Eric Sprott has made this his single biggest investment of his entire life he has also invested heavly in boardering properties to Newfound gold His past success while it may not guarantee success in this project success does bread success time and time again so
having an investment that Eric Sprott has made his #1 lifetime investment I would say you are in pretty good company
Comment by
MAKEITBACK on Jul 21, 2024 11:18am
Yes, but when they turned down the Pointe Rousse mine for $5,000,000.00 they made a statement about how they view their shareholders (a cash cow). Show us you are willing to change that opinion by bringing some of this gold to market and showing us shareholders that you really care about us and are trying to reduce the dilution and falling share price!
Comment by
Evenkeel123 on Jul 21, 2024 11:59am
Madeitback, I believe that when a company acquires another one is such a deal, then all permits are cancelled and the buyer has to start all over with permitting. That is, I think, the reason they did not buy it. EK
Comment by
Dixiedee on Jul 21, 2024 12:34pm
I don't believe your statement is correct it depends on how they purchase the company or claims if your statement was correct every time a mine changed hands it would have to shut down and we all know that is not the case business continues with new ownership
Comment by
Dixiedee on Jul 21, 2024 6:36pm
without buccs scare tactics lol