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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 tbnorthstaron May 05, 2021 9:37pm
119 Views
Post# 33138143

Capital raise

Capital raiseAt some point in 2021 they will go to market to raise capital. The real positive is even if they go large the dilution will be minimal. 

Company has the potential to be valued much higher down the road, much, much higher in fact. A lot has to right for that to happen. 

When it is sold, and it will be sold - my opinion only, the price tag may be one that takes your breath away. Again, a long way down the road.

The NFG gang are estatic right now, for good reason:)
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