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 > 17.9 years between Discovery and Gold Production in Canada

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Post by nozzpackon Apr 10, 2024 7:14am

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Post# 35980639

17.9 years between Discovery and Gold Production in Canada

Summarized metrics

Based on 11 mines.

Approx 2 years longer than the global average .

Approx 4 years after decision to begin production..

With 5 years since discovery , if the Canadian lead time is followed here, production will begin around
2038.

Imagine the equity dilution and debt by that time , and the inflation destruction of your initial capital investment

Hands up those who intend to stay invested until 2038 .....assuming you will still be alive and not divorced
https://www.spglobal.com/marketintelligence/en/news-insights/research/discovery-to-production-averages-15-7-years-for-127-mines