Loading ...New Found Gold
was the rage in NFLD, still drilling and hundreds of millions spent with 1-2 oz/ gold per ton and still she sucks. Resource update came in at a chicken shit measly 1.4 million oz.
650,000 meter drill program 2024. Yes, 400 frickin miles of holes.
This one was hyped to the max last cycle
when it comes to explorers this is quite common
Guilty here. I rode that one both ways. Almost both ways. Got out with a small profit.
My broker calls it New Fraud gold since there is little gold. BTW it is Eric Sprot’ts largest position so go figure. He has done a lot of Due Diligence.