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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

Post by shiftyoneon Feb 15, 2024 3:41pm
138 Views
Post# 35882634

question about palisades

question about palisadesI was reading through the NFG releases, many on the list are put out by palisades.  pali.

The releases say that they own 25% of NFG.  But stockhouse shows their market cap at only $87 million.  So that seems like the obvious way to own NFG.

But, you can save me some time here.  Why the difference in value?  Is the share count for PALI way off on stockhouse?  Or do they have a ton of debt?

I'll look closer, but maybe someone can answer those questions easily and quickly for me.

Thanks.
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