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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 Kewl002on Jun 06, 2022 11:15am
117 Views
Post# 34734117

RE:RE:RE:RE:NFG - Ike

RE:RE:RE:RE:NFG - IkeAgreed -- however -- there is a possibility that your deposits at such a bank will get "bailed-in" (ie: confiscated) as per government legislation passed a few years ago.

In general, many savers do not understand that the rules have been changed -- when you make a deposit into your account at a bank, you no longer own that money. It is now an unsecured loan that you have made to the banking institution. If your bank fails, than your deposit is treated as a creditor which means secured loans get paid off first and unsecured last if any funds remain (which could be doubtful in a bankruptcy situation).

The gov't does provide some guarantees re: minimum deposit levels but above those amounts the funds are confiscated (as occurred in Cyprus circa 2013).

None of the above is news.......just a reminder.
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