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 > Shelf short form prospectus

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Comment by megacopperon Jul 23, 2021 5:07pm

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Post# 33597519

RE:RE:RE:Shelf short form prospectus

Global1966 wrote: It is rare to raise funds at a level of the existing share price. Shareholders are usually incentivised to buy more shares at a discount.
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And it doesn't make sense to list on the biggest exchange in the world for $100 million extra funds down the track. That's pocket change for investors on the NYSE.

I'm not sure what NFG have planned but these guys aren't fooling around. I don't think it's a coincidence that the share price ended up near $10 today. Something is coming down the pipe. Some sort of financing is my guess. This isn't their first rodeo and this is the big leagues. They have a master plan. The rest of us retail guys are just going along for the ride. They know they have a very valuable asset with millions of ounces of high grade gold near surface that is worth billions and those figures are growing daily as they continue to drill. So that is only what we know of in only one year of drilling on only 2km of the 100km property near surface.

It is an incredible gold system which should see these several (and counting because there will be more) high grade gold zones go to depths of 1000 meters. And this favourable geology goes for 100km along the Appleton fault. So the implications are absolutely mind blowing. Dennis Laviolette basically spelled it out for us in his video he did a few weeks ago. Anyone sitting on the fence about investing in NFG should watch it again. See the link below. These guys like Dennis Laviolette and Quinton Hennigh are the very best in the industry at what they do. Listen to what they are saying about this property. Most of you guys have listened to this before but it doesn't hurt to listen again. Listen to what Dennis Laviolette says about the Queensway South property. As good at the Queensway North property has been I believe the southern property will prove to be even better.

https://m.youtube.com/watch?v=iKGl1o7ONRo

https://m.youtube.com/watch?v=TiUadKB20HI

https://m.youtube.com/watch?v=rzsboHKB0n4

Nobody knows for sure of exact numbers of ounces yet because it will takes years to determine exact figures. My own thoughts are that this entire property will eventually prove up tens of millions of ounces of gold worth tens of billions of dollars. This of course will take years to drill. If you want to be apart of one of the best gold discoveries on the planet you better buy your tickets soon because the train will be leaving the station for good in September. My own opinion of course. Do your own due diligence. I believe someday you will see NFG trading at $100 a share valued near 20 billion dollars. Yes it might take 5 years or more to get there but it could happen based on what I'm seeing and hearing up in this neck of the woods. They are hitting a lot of high grade visible gold. There is a lot of excitement about this discovery.