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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 > POG Above $2700 Again
View:
Post by nozzpack on Jan 10, 2025 6:12am

POG Above $2700 Again

Fact is no major is likely to buy us without demonstrated resource productivity .

Fact is, NFG shareholders would be better served if those ultra high grade open pit prospects were produced by NFG itself .
Getting a double after buyout , out of those largest seniors is about as high as one can expect .

We can get a 10 bagger by producing ourselves .

Fact is, with a milling capacity of 650,000 tons per year, Maritime's mills can get us 250,000 ounces per year , if the average open pit  prospect grade is 10 grams per ton or higher .....which it is.

There is your 10 bagger without any capital cost  for any on site  mill and mining infrastructure .

Fact is, Maritime's hegemonic control of NL gold milling capacity won't come cheap , as it can generate a 10 bagger from its own gold resources.

A nice sweetener will be needed.

NFG has those sweeteners ....

It will happen..

AIMHO

GLTA
Comment by unclebobby on Jan 10, 2025 6:22am
Sounds like a no brainer,  time is,a wasting.  It waits for no one
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