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.

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New Found Gold Corp > A Little Help

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Comment by goldendomer68on Jun 20, 2021 9:37pm

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Post# 33418621

RE:RE:RE:RE:A Little Help

Thank you Atchouk. A few assumptions; Gold price $2000 so margin $1700. Assume production of 500,000 ounces/year from Keats so gross margin of $850,000,000 from Keats. That's over $5 per share per year. Other possible upsides; other mineable zones, Lotto, Knob and mystery zone. Large increase in price of Gold. Hopefully this will prove to be a once in a lifetime mine, it's looking like that might be true. Happy dreams!

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