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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 > Negotiating the Buy out of Maritime
View:
Post by nozzpack on Jan 22, 2025 7:59am

Negotiating the Buy out of Maritime

This is our view , which explains the silence about the restart of the Pine Cove mill.

Its quite clear that three parties havd strategic interests in Maritime and its hegemonic control of gold processing in NL plus the substantial  strategic advantages of its Point Rousse asset base.Deep Water Port, Ore Carriers , excess  facility space , Junior miner training programs , long term tailings facilitues and ramping up in gold production any day now.

Firefly and NFG long ten strategic interests in Maritime are obvious .
Dundee owns 46% of the shares but is not a miner.

There are many options for such a deal to be arranged but sweeteners for Dundee might be the sticking point.

These are just our views, as we sit back in great comfort awaiting our initial capital gain.

AIMHO

GLTA
Comment by MaterialsMan on Jan 22, 2025 8:05am
If there's one thing that Huet has plenty of experience at, it's buying mills.
Comment by Keepdigging on Jan 22, 2025 9:06pm
Ya whatever,, you guys gotta get a life