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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 goldanalyston Nov 01, 2021 7:51am
180 Views
Post# 34071993

RE:RE:RE:RE:RE:Metallurgy!

RE:RE:RE:RE:RE:Metallurgy!Not likely AE.....my bet would be on Barrick but their entry will be to pick up MOZ and take it into production. ABX have about $400 million in tax credits on the books that must be spent in canada. They would like to get into Newfoundland but not at the explorer level so that rules out NFG, LAB, NFLD etc but MOZ with 4 million ounnces indicated and inferred is right up their alley. That way they will have first mover advantage when the time is right on the entire district. There is zero chance that any of these juniors go on to become producers themselves. People who suggest as much have little understanding of how the industry works. I don't epxect NFG or any of these others to be sold for quite a few years. I do expect expect a major (probably ABX) to take out MOZ and enter the district likely near the end of 2022. Stay Tuned.
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