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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

Comment by suregoldon Jun 09, 2021 11:46am
230 Views
Post# 33355186

RE:RE:RE:RE:RE:RE:Buyout on the table.......?

RE:RE:RE:RE:RE:RE:Buyout on the table.......?Also, intersting is that KL just got dropped from the 10 largest Gold Mining companies in world down now to # 13. Large corporate types usually have big egos. They will want to regain that positon as quickly as possible. All the NFG guys have done a deal with them before on an all stock transaction and They will be probably looking for same kind of deal again to delay taxation as long as possible. KL has a $50 share price and fully outstanding shares not an impediment to another all share buyout. Debt free with excellent cash flow in current gold price environment. Absolutely, they will be interested, as will Barrick, newmont and a few others.
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