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 > fwiw, here's my simplified math

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Post by cybermanon Sep 27, 2021 10:39pm

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Post# 33928873

fwiw, here's my simplified math

based on recent discussion from Mark Bristow, Barrick; start about 2:25 to 5:10 for shorter version.

https://www.youtube.com/watch?v=4T5-XL4BJi8

(this was posted a few days ago)

cough up 5m oz, become Tier 1 worthy, then they are interested.

(whereas in the bottom 1/2 of cost curve, able to produce 500,000oz yr for 10 years)

current operating mines are always exploring, expanding and adding resource.

mmKay ?

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