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

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Post by Spikearoo1on May 03, 2021 9:06pm

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Post# 33120895

Valuing Gold Exploration Companies

Interesting article from last year I came across via Seeking Alpha.

If the mind set of larger producers is to not over pay for their acquisitions, like they did in the last gold boom of the 2000's, then either NFG will hopefully have a top of the world class resource over 20 million ounces + to attract a higher takeover premium in the future or they will be better off taking the property to production themselves, which would potentially provide long term shareholders better value.

This article I thought summed it up nicely, for what its worth.

https://seekingalpha.com/article/4357527-gold-miners-m-valuations-q2-2020

Gold Miners M&A Valuations - Q2 2020 | Seeking Alpha

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