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New Found Gold Corp V.NFG

Alternate Symbol(s):  NFGC

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

Comment by Retiredgeoon Mar 05, 2022 7:31am
196 Views
Post# 34486224

RE:Market Cap / Purchase Price Comparisons

RE:Market Cap / Purchase Price ComparisonsI'm assuming that the Keates main zone already has a gross mineral value of 6 billion USD.  I'm expecting the gross value of the Queensway property to double, triple or quadruple beyond that this year blowing away all of the comparisons.

I doubt that any of the major players will even consider selling until there is a much better handle on the gold potential of the property.  It is far more likely that new players will start stepping up.  This gem isn't going to languish in obscurity foever.
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