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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 Evenkeel123on Sep 29, 2023 1:13pm
98 Views
Post# 35662072

RE:RE:RE:RE:RE:RE:Beat this

RE:RE:RE:RE:RE:RE:Beat thisLike I stated before, this is going to take many years, more then most think, to get anything done.  You know you can keep on drilling while building a mill, or you can do a lot of things while construction is ongoing, but they don't want to even put a 43-101 number on this deposit because they know it will stick and won't state what they want.   Tha majors have this thing figured out and costwise it is uneconomical for them to buy it, or it would have been bought already.  This is a 50 year project, minimum, and nobody wants to put out huge sums of money without a decent payback in reasonably short order. 

It's too bad really, but that's how it goes.  

Over and out.  EK
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