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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 > Burn rate
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Comment by AlwaysLong683on Aug 05, 2022 11:58am
74 Views
Post# 34874310

RE:RE:RE:RE:Burn rate

RE:RE:RE:RE:Burn rate
Buccaneer1s1and wrote:
AlwaysLong683 wrote:
LittleWillie wrote: Loss from operating activities (15,457,886)

Sorry to see you dont know how to read financials. I thought you were smarter.William

Of course they have an operating loss - junior exploration-stage companies don't earn any revenue (check the income statement), or do you only know how to read balance sheets? Name me a junior exploration-stage company that doesn't have a quarterly operating loss? 

And I thought you claimed you knew what you're talking about re. gold companies and financial statements....? 

Fail.
 
And? Did I contest any of the above? I simply showed you how they burn $1.15 m per week. Are you trying to argue with me on a Friday?

Bucco


Then why did you quote a random income statement number that I never mentioned, then conclude from that that I "...don't know how to read financials"...?

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