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.

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New Found Gold Corp > Kinross got a steal!

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Comment by AlwaysLong683on Dec 09, 2021 10:33am

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Post# 34214342

RE:Kinross got a steal!

wajac wrote: Kinross got a really good deal, a steal actually. $29 a share looks good but it works out to about 1.8 billion which is probably the value of Dixie alone. Great Bear has three other properties; Red Lake North, Sobel and Pakwash which to date have had only minimal exploration. Kinross got those for free. Perhaps it would have been better for shareholders if GBR had done a couple of more years of exploration before selling. My initial take on the sale.

GBR has been drilling at Dixie since September 2017 (over 4 years). Not sure how much the other properties are worth (if anything).....? Perhaps they had no interest in building a mine at Dixie themselves and figured 29.00 is a fair price for what they have accomplished to date....?

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