It may have taken over five years for New Found Gold (TSX: NFG) to go from initial discovery to a mineral resource estimate, but it has taken just weeks for the company to go from an inaugural resource estimate to a preliminary economic assessment.
And from a high level perspective, given the capital spent here, the PEA isn’t all that great if we’re being honest. At least not at the base case gold price used, but like anything, the rising price of gold helps that out in a big way.
Lets dive in.
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
