New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Market Cap

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Comment by lewdoggon Mar 22, 2021 2:17pm

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Post# 32851384

RE:RE:RE:RE:Market Cap

likeike wrote: Kinda interesting how ES with his recent purchase along with Palisades now control 51%.

They can make all the calls in the board room and beyond. If anyone ever even thinks of

a takeover they better think of ES likes them.

I myself do not take any buyout seriously as there has never been a takeout of these kind

of structures. Too many intangibles and until they prove them out they will not be here and

by that time our market cap will be too high for most players. IKE

With ES's recent purchase as pass-through shares, is the true cost 5.25 or something lower? Just wondering why the market is so hesitant to break this above $5.

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