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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 toller1on Sep 25, 2021 9:11am
211 Views
Post# 33918884

RE:RE:New Found Gold ($NFGC, $NFG.V) - Biggest New Gold Play in Ca

RE:RE:New Found Gold ($NFGC, $NFG.V) - Biggest New Gold Play in CaAcquisition is not a concern for me. They will drill this thing out like Swiss cheese 400,000 meters and more, prove up anywhere from 10 to has high as 20 million ounces of very high grade gold easy to mine and then sell it to possibly 2 senior producers. They will have to do more financing but shouldn't dilute the share structure to badly. This could sell from as low as 50 bucks a share to as high as 150 bucks a share. Right now everyone is just speculating on the amount of gold in this property. It is the most exciting play I have been involved in since Arequipa. A 10,000 share investment will set one up very nicely. So for me acquisition is the all that interests me and that is exactly what they will do when they prove up the size of this, and it will be big!
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