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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 megacopperon Sep 14, 2022 9:32pm
86 Views
Post# 34963397

RE:RE:I should add

RE:RE:I should add
Goldziggy wrote:
megacopper wrote: For those comparing SGD and NFG. The cost of developing an actual mine will be substantially less at the New Found Gold project. There is no doubt about that but I would think that would be obvious to most investors simply because of it's location and existing power and no remote camps so no fly in and fly out of the crews required at Queensway because of nearby towns. 




Yes we know already Nfg is the way better play between the two. Once the pump comes off sgd it will come down plus winter is coming so sgd cant drill in winter plus theres a huge gap that needs to be filled on Sgd way below 2$. 
Sgd has about the same amount of oustanding shares as Nfg but has only drilled a few holes so sgd will have to issue tons more shares down the road.
Its pie in the sky to think sgd will be the biggest mine in the world with QH saying 34 million ounces. Low grade and remote SGD vs high grade and beside a highway NFG. 
NFG wins hands down in every category in my opinion. 
Maybe you should keep your SGD pumps on the SGD bullboard lol


 


Guys were comparing the two hence the reason for me offering my pros and cons for both.  I think you will be in for a surprise with SGD. 

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