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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 likeikeon Aug 05, 2022 9:44am
85 Views
Post# 34873708

RE:RE:Burn rate

RE:RE:Burn rate.....and what was the weekly cash burn during the months of April through July...?...and what will be the monthly cash burn in August, September, October, etc....?....and how low will NFG allow their cash on hand to be depleted before doing another raise....?

Holy Mackeral AlwaysLong ....they have enough cash for more than a year.

When you do any venture who knows how much they will spend or how many

unforeseen expenditures make happen.  Have you ever done a family vacation?

I do not know if what your profession is but you sound like an accountant from

hell. IKE


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