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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 geezer21on Aug 05, 2022 12:05pm
75 Views
Post# 34874353

RE:RE:RE:Burn rate

RE:RE:RE:Burn rate
"...junior exploration-stage companies don't earn any revenue"

Yes but than again no.  They accumulate resource assets in the ground that are unrealized revenue until convered to cash. The value of those resources do not show up in the accounting until later on.


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