New Found Gold Corp V.NFG

Still discovering the extent

[Gangsterme]

Management is still determined to Devine the extent of the mineralization of this very extensive property. It is still open at depth and in horizontal direction along the faults and has not been proven between many of the occurrences.
It will be years before all of the already discovered veins will be drilled sufficiently to determine their value as a mineable deposit. This is equal to many gold mines in extent. All mines are first open and excavated and as this is done they also continue to prove up additional value. This is done by drilling from the already excavated areas, as they are able to know more or the geological processes that occurred.
Yes, they could sell all or part of the already drilled areas, however the fact of the expenditure for seismic work and purchasing of adjacent property leads me to believe that a sale is not imminent. That being said, a major could be sold a significant number of shares. I am not holding my breath waiting for this to happen. Mining will start at some time in the future and core drilling will still be going on 20 years from today. This likely from underground.

[Gangsterme]

Meant define although like Devine as well....

[Ragnartrading]

Agreed! I discovered this company only recently ( few months ago)when I decided go back in the game after almost 10 years out.... Quick look at their projects maps and overall geology told me right away, This is ONE MASSIVE  INTERCONNECTED deposit containing most likely North of 100 million ounces an high grade, easily accessible gold in very friendly mining jurisdiction. Of course they won&

[Retiredgeo]

The big negative is the macro environment.  Canadian mining juniors are still mired in their biggest stock slump in 50 years with no end in sight.  In better times all of this gold would have made NFG a $20 stock.  Instead we got mired in this **** and are a $3 stock!!  The only silver lining is that NFG is doing far better and is far better financed than most of it's piers

[Dixiedee]

My sediments as well multi mines multi owners in the high grade gold district 

[nozzpack]

Quite an appropriate perspective . Neither more assays nor new discoveries will move the needle here . Empirical demonstration of productive value is at hand, as the first mining bench ..Keat Trench..is already stripped , it has high density channel sampling suffucuent to satisfy surficial definition drilling, and managements statements that such grade stratification is consistent with the