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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 Kewl002on Aug 04, 2021 5:08pm
177 Views
Post# 33649916

RE:RE:RE:RE:FYI -- Jul 27 2021 Final short form prospectus -- SEDAR

RE:RE:RE:RE:FYI -- Jul 27 2021 Final short form prospectus -- SEDARBC -- I agree with you and suspect the plans are MUCH bigger than even this BB anticipates.

With ~50% of the float locked up by Palisades/Sprott/Insiders there isn't much room for the exchange funds to acquire their slice of the action when the AMEX listing commences. 

We could be in for a volatile fall and this current "period of silence" may well prove beneficial as the BoD takes action to ensure they retain control when the flood gates are opened again.

WIll this prove to be bargain buying time --- well my position is now 700% higher than just a few weeks ago so I certainly think so!!

Hindsight is always 20-20 but I doubt we have long to wait before finding out..........
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