Goldtent TA Paradise

NFG.TO

1. Highroller says:

   May 4, 2021 - 11:57 am at 11:57 am

   Labrador gold working on a b/o as well. B/t the 9 ema and trying. Giddy up !!

   https://www.tradingview.com/x/MNfPs5yL/

2. silver fox says:

   May 4, 2021 - 12:36 pm at 12:36 pm

   News this morning 124.4 g/t AU over 17.7 meters and 131.1 g/t AU over 4.65 meters. Just another day in the life of NFG.TO
   Notice it doesn’t take a lot of volume to move this stock up.
   Most of the stock is in strong hands, and they are NOT selling.

   Buy it, put it in your coffee can, and hide the can in your cupboard for 5 years or so. Go fishing and wait.

   • silver fox says:

     May 4, 2021 - 1:13 pm at 1:13 pm

     Comparing NFG.TO to Kirkland Lake’s Fosterville mine…

     https://www.youtube.com/watch?v=TiUadKB20HI

     7:17 of the video…”so if we find that model here (he is referring to KL’s Fosterville mine) the potential is huge for us to have 3 or 4, or 5 of these shoots – 3 or 4, or 5 of these mines. Some of these structures could be 2 KM deep.”

     https://newfoundgold.ca/

     • Kewl2 says:

       May 4, 2021 - 5:04 pm at 5:04 pm

       Watched that video a couple of weeks ago and it was excellent. Quentin also a Director of NFG and Sprott owns ~25% of the company. There was a comment made somewhere that in this area you could throw a rock as far as possible – then put a drill bit on top of where it lands – and you will get visible gold in the core.

       FYI & IMO — my issue with NFG is that it is already highly valued @ +$1.3Bfor an exploration company. I chose to invest next door in Sokoman Minerals which has only drilled a few holes but has similar bonanza grades and nice geological model (but not as spectacular as NFG yet – with only 6 holes).If I recall correctly — they are only drilling down to 250 meters so far which is barely scratching the surface. Anyway all have hit similar geological structure to NFG (as in Fosterville style) so the overview that Quentin did should apply to here also. Don’t know how they got away with it but they staked a huge land package along strike to NFG’s work (so minimal royalties). Still both are exploration stage so it’s one hole at a time. A month ago, Sprott topped his ownership level in SIC to >20% of the company and w/$+6M in the bank they are to start a 50K metre drill program late July. So minimal news / dead zone until fall and then possibly weekly drill results like NFG is doing already. Difference is a mkt cap of $1.3B (NFG) vs mkt cap $74M (SIC). Both are speculative with advantage to NFG of having lots more drilling already done. When SIC catches up via drill bit will the mkt caps differential be squeezed is the $1B question? I am way overweight on SIC — figuring 50K meters of drilling with prove informative. Low share count trading @ $.44/sh. I probably should buy NFG too! Besides I like Newfoundland!!

3. silver fox says:

   May 4, 2021 - 6:02 pm at 6:02 pm

   Thanks for your comments, Kewl2.
   I located SIC’s exploration site on the map and found it 40 Km west of the Appleton and JBP faults.
   It is along the faults that the narrow pockets of high grade ore percolated up and were deposited eons ago, like a long saber plunged deep into the earth’s crust.
   There are 150 Km of fault line to explore in NFG’s land package. The Keats zone was only the first of several hot spots they were preparing to explore and where they hit 19 meters of 92 g/t on the first drill hole.
   However, gold, as they say, is where you find it. I wish you every success with Sokoman minerals.
   For my part I will continue to favour NFG.TO.- up 19.38% today on news of latest drill results. Its been a thrilling ride so far, exceeding my near term expectations.
   Cheers.

   • Kewl2 says:

     May 4, 2021 - 6:32 pm at 6:32 pm

     Thx Silver Fox — wish I had heard about NFG a year ago — may all the Newfoundland plays bring great fortune — good luck!!