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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 Oct 01, 2023 5:27pm
59 Views
Post# 35664192

RE:RE:How to develop a Tier One Gold Asset

RE:RE:How to develop a Tier One Gold AssetThe unanswered question is, when will the company produce a positive deposit in the bank from the sale of gold?  That, my friends, is the big one.  How many years before they show a protit.  None of you longs has a real clue.  You can have all the bonanza holes you want,, and all the plans you think will do the job, but the truth is the company is years away from putting dollars in the bank.

In the meantime they continue tos spend spend spend, with no end in sight.  

We'll see what the next financing produces. 

EK
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