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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 28, 2021 11:25am
214 Views
Post# 34173464

RE:RE:RE:RE:Shares Outstanding

RE:RE:RE:RE:Shares Outstanding

Lemmy79 wrote: Well Said Dan. I have a feeling there soon will be great intercepts released and the stock will move higher. Raing money at 20$/share wont hurt us. I hope the new core testing system works well.

 


I'm confident the new Chrysos Photon assay testing method (new for NFG) will confirm the high grade gold at Queensway. This testing method is  well established elsewhere in the world and is widely used by companies like Barrick Gold. Once we have confirmation of the high grade gold at Queensway the share price will be heading much higher. 

 


There is a lot happening down here at the site. Activity is at an all time high with 9 drills turning (soon to be 14). The core yard at the Appleton Business Park has been doubled in size. The new $3 million building is already under construction in Gander right next to their existing building. This company is making sh*t happen and I am very impressed with what I'm seeing and hearing.


NFG has a world class high grade gold discovery that is worth billions of dollars. Drilling will confirm how many tens of billions of dollars of gold is in the ground. The market will determine the valuation of NFG. Nobody knows for sure what these ultimate figures will be but I can assure you it will be multiples from current valuations. Queensway is big and it's very rich. 

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