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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 May 03, 2022 5:35pm
144 Views
Post# 34652829

RE:RE:RE:RE:RE:RE:RE:RE:Larisa Sprott

RE:RE:RE:RE:RE:RE:RE:RE:Larisa Sprott
You are probably right, but who the heck knows. ES thinks this is the greatest find of the last 30 years? Maybe he sees taking out the whole thing. His daughter Larisa is clearly his chosen successor, and she has plenty of background to run a company of the size needed to mine Queensway. Only he knows his plan, but if Queensway has the resource we all seem to think it has, he could capture at least $10 billion net before tax over a 20 year mine life providing a legacy for his daughter(s) and to continue the Sprott name as a major player in the gold sector. I have no clue, but clearly he is up to something. Perhaps it is just a setup to force a major to meet his terms, knowing he is willing and more than capable to bring this to mine all by himself! Only the Sprott himself knows. I never believed he would be interested in mining this, but now I am not so sure at all. maybe he will, and if so, he has to takeover the entire company. The rest of year should prove very interesting. He has the manager in place with the experience to build and operate mine! If any here do not find that intriguing, not sure what to say!
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