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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

Post by toller1on Nov 27, 2021 2:36pm
392 Views
Post# 34172427

Shares Outstanding

Shares OutstandingThe Company has to many shares outstanding for an exploration play at this stage of the game. If you look at GBR they have kept a tighter rein on issuing of new shares and their float is a quarter the size of ours. And because of that their share price is 3 times larger. Both market caps are almost the same. We need a tremendous amount of high grade gold to move the needle because of share count. We issue shares like the Feds print money! This company spends money to freely, and they need to tighjten up.
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