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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

Post by itsjustme1on Jun 09, 2022 6:47pm
173 Views
Post# 34745512

news

news No more news please.
Silly me thought more news would bump stock price. These latest drill results may seem great but in the big scheme of things are not holding the market cap, which got way ahead of itself. We need a homerun hit before we need to raise money again. They may seem flush now but I would think they are going through it quickly.
With a district scale land position, that means LOT'S of drilling to prove resource. I know there is still a lot left in this drill program but if the stock price keeps sliding I don't know if Eric is ready to throw the kind of money at it as he has in the past. He owns large positions in quite a few gold exploration companies. I am concerned about dilution
WTF just grand slam it already!!
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