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 Snidelyon Sep 25, 2021 7:23pm

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Post# 33919889

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

So you are going to differentiate between cash and a short-term investment on the balance sheet? Seriously? It is a easily liquidated asset, thus why is classed as a current asset. Have fun splitting hairs... Any other investments or financial instruments you also want to also not count? Does that mean commercial paper or a bearer bond is not cash? Does that cash need to be actually be sitting in a vault on site to be counted under your arbitrary defintiion... Nice try bucko.

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