New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > NFG royalties

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Comment by Goldziggyon Aug 04, 2022 10:07pm

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Post# 34873023

RE:RE:RE:RE:RE:NFG royalties

Yes i think Nfg can easily get to 10$ by oct/nov. Any financing under 10$ would not be good. They need to somehow keep the number of shares low. So the only way to do that and minimize share dliution would be to get the share price higher if they want to do a financing. Ideally something like the one they did at 11$ and change for 50 million dollars. The higher the bettter for all stock holders. Dilution kills stocks and limits your upside. Look at sbb with over half a billion shares that someone keeps pumping on this bullboard. Its going nowhere fast.

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