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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

Metals & Mining Gold
New Found Gold Corp. is a Canada-based mineral exploration company 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 a approximately 1,662 square kilometers area, located about 15 kilometers (km) west of Gander, Newfoundland and Labrador, and just 18 km from Gander International Airport. The Queensway Project is divided by Gander Lake into Queensway North and Queensway South. The Company is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

New Found Gold Corp > price ceiling
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Comment by Global1966on Sep 03, 2021 7:36pm
195 Views
Post# 33813666

RE:RE:RE:RE:RE:price ceiling

RE:RE:RE:RE:RE:price ceilingCash at bank at 30 June plus $57 million minus expenses since 30 June equals cash on hand today. 
My rough guess is between $50 and $60 mill.

They can always sell the Investments next year if they need the cash but will need to be careful not to spook the market. Who knows, these investments could double by this time next year
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