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.

TSXV:NFG - Post by User

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

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Comment by Global1966on Sep 25, 2021 7:10pm

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Post# 33919866

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

The published figure for Working Capital on any day depends on the price of their share prices of 3 major investments. Let's hope they keep going up and Lab, Sic and Exploits hit paydirt.

I may have been a bit conservative on the Cash figure. It could be $80 million. A lot of cash to get them through the 200,000 metres drilling program. My estimate of their monthly cash spend is $2-2.5 mill a month. Again a conservative guess

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