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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 suregold1on Apr 14, 2022 2:37pm
144 Views
Post# 34604669

RE:RE:RE:RE:RE:Investment Bankers

RE:RE:RE:RE:RE:Investment Bankers
Mega, agree with you also one more thing to consider is that we have no idea what the future may bring. Another assay mess, a collapse in gold prices (yes, it could happen). My point is the world is a mess right now and no one knows what horror story is waiting around the corner from now.
Flyder and I have known each other for quite some time and both of us can tell you that despite something looking like a sure thing, time and circumstance can ruin any mining project and result in loss of your investment!
This is a great project, one of the best in world right now, but it is not guaranteed to make you rich. i hope it makes all of us rich, but anything can happen and probably will. I and Flyder have both learned a very hard lesson in that regard. Let's get this sold as quickly as possible with the best deal the 2 largest holders can get (they are much more capable than any of us). I am hoping for an all share deal with a company like AEM which would give all of us the opportunity to continue to particpate if we so choose in the development of this project and its future profitability. More importan it gives you liquidity a major brings to the table. I have been trading this thing for about  a month now, at baout 10K shares at a time and selling in a week at most, and I can tell you as other can that selling is very difficult because of the low volumes traded. A major eliminates that and you never know what will arise to cause you to need cash in a hurry. Hard to get out with NFG.
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