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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 megacopperon Nov 19, 2021 1:26am
158 Views
Post# 34144189

RE:RE:Patience guys

RE:RE:Patience guys

rob1237 wrote: Just hope the results are good. 

 


Just think about this for a moment. Do you think NFG management would buyout the NSR on the property for $3.9 million in cash and 450k shares if they didn't have something significant? Do you think they would be increasing the number of drills to 14 drills if they didn't like what they were seeing? Do you think they would be building a $3 million building in Gander and buying all this new equipment and expanding their core yard and building a new 30 man year round camp down on Queensway South if they didn't like what they are seeing coming out of the ground. 


Guys you should see this operation that New Found Gold has here in Newfoundland. It is a huge operation with somewhere between 150 and 200 people now. 9 drills going night and day. It isn't the fault of the company to be having these issues with the assay labs. They have hit the issue head on and are taking ownership of it and it will be resolved within weeks if not sooner. Eric Sprott doesn't seem too worried about it throwing in another $48 million bucks. I'm confident we will be very happy campers by Christmas. 

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