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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 AlwaysLong683on Jun 09, 2021 12:08pm
265 Views
Post# 33355344

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

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

1) Spend the next 2-3 years drilling the heck out of all promising areas along the two faults via equity raises at (hopefully) ever-increasing share prices.

2) Put those assay results on display and start the bidding on the entirety of Queensway, with the large gold producers either bidding on the whole thing individually or a combined bid involving two or more large producers (eg. one takes Queensway North, the other Queensway South, then flip a coin to see who gets Lucky Strike).

3) If the highest bid is not high enough, start the engineering phase on your best zone (say Keats) on the way towards a possible mine while continuing to drill and produce assay results at other zones, all the while keeping the door open to a too-high-to-pass-up monster takeover offer........



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