New Found Gold Corp (NFGC)

[couldbebetter]

My take is NFGC will soon be using its 3-D seismic survey results to better calibrate
its drilling as well as to look for new, deeper, and perhaps larger & higher grades. So
far, most drilling has been relatively shallow. 3-D seismic allows a look deeper underground
which may show their geologists where they should be drilling these deeper holes for maximum
efficiency and impact. The share price has not (yet) reflected the high grade myriad number of discoveries
to date. This is frustrating to long term investors. Management has stated that they will sell once they
get an offer they cannot say no to. Quite obviously, there will be much more drilling in the future with
many new, ultra-high grade gold discoveries made. Exactly what will be the tipping point for a large
mining company to pull the trigger here, I do not know. NFGC is like a series of underground vaults,
each containing a fortune of gold. Mining companies will want to break into these vaults which takes
additional time and planning. The sooner they pull the trigger the quicker they get to the rewards.
This area contains immense treasure, whose value seems to grow by the day.