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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 suregold2on Jun 30, 2022 7:30pm
167 Views
Post# 34795368

RE:RE:RE:Cost to complete recommendations in Revised tech report

RE:RE:RE:Cost to complete recommendations in Revised tech reportagree, but these project burn cash like a flash fire. They will need to go to market well before cash runs  out. And interest rates will be exhorbitant by year end  most likely, so dilution occurs no matter how you slice the cake. If share price goes back to old highs then not a big issue, but at $5 it will be huge problem. All I am saying is share price needs to go up big time or problems with dilution occur!
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