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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 05, 2022 2:23am
150 Views
Post# 34657579

RE:Eric Sprott Taking NFG Private....?

RE:Eric Sprott Taking NFG Private....?
Good post Always. and to throw another coal on the fire, there is a  possibility here that ES and CK still prefer to sell to a major but are adamant they get the price and terms they want so, Sprott is positioning Queensway to show the majors interested here that he is both willing, capable and prepared to develop himself if they cannot meet those terms? 
 
There could be other reasons of course why he is now holding those shares in a "mining susidiary" , but we agree this is one hell of an interesting speculation regardless.

One thing is without doubt and that is Sprott will not sell uneless he gets his price for the property.Failing that, he has the option to mine himself. Good for us shareholders either way.
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