New Found Gold Corp V.NFG

Can you say just how many onces of gold underground

[sylvain_007]

Can you sy the grade too. Telle us how many proven and probable ounces and the average grade for the Heat zone, but also in general. Stop talking like a great ingeneers so that people understand. Does NFG have a future at current gold prices?

[Retiredgeo]

No one knows the details of any of NFG's over 30 gold deposits because the company hasn't definition drilled any of them.  Management wants to sell the entire property and let the buyer worry about individual deposits. Can you mine high grade orogenic gold at surface?  Of course you can!  In the Abitibi they mine it 3000 m down as well. These NFG gold deposits are called

[suregold2]

Retired, AEM loves narrow vein deposits and they are definitely not mid-sized. Plus they have lots of connections with NFG. They have to be considered the favorites here!

[Retiredgeo]

Please consider how much derisking Kirkland Lake had to do before AEM pulled the trigger.  Will Queensway be any different?  I am not optomistic.  I suspect that there will be an intermediary between them and NFG.

[suregold2]

I differ a bit as majors are now floating in cash and all are needing resources with few  meaningful opportunities available. AEM for example will generate free cash flow for the 3rd QTR of about $800 million or more. That is mind boggling! And gold keeps climbing meaning about $3 billion in free cash flow for 2024 year! Crazy numbers. Sprott and Palisades will most likely want an all share