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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. The Company is 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 an 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 also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.


TSXV:NFG - Post by User

Post by farmboy75on Mar 13, 2021 9:28pm
278 Views
Post# 32794093

RE: NFG valuations

RE: NFG valuations I am holding a nice little chunk of NFG  and really am likeing how the story is developing so far. But to outline 5 million ounces at Keats if indeed it exists there is going to take a pile of money and a lot of drilling. At some point it will require more money to advance the project, and the three big boys will undoutably step up to the plate at very favourable discounts and warrants. Even if bank money becomes available,they will extract their pound of flesh, but thats part of the game.With the big boys owning 80% of the project, us  little boys  will just have to hang on to their coatails and hope to add to our retirement funds down the road. Gltal
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