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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 Goldziggyon Aug 06, 2022 12:46am
173 Views
Post# 34875968

RE:Musing thoughts……..on a Friday night…

RE:Musing thoughts……..on a Friday night…

Makes no sense what you are saying. The stock has only been under 6$ for a month and has been above 6$ for over a year yet you think they will raise 100 million at basically yearly lows and dillute the heck out of this when they still have 75 million in the bank. If they do this thing will tank hard. And on top of that raise another 200 millon at 10$?? If they did they would have close to 220 million shares outstanding. Sorry but i dont see this happening and if it does it wont be good. Smoke another one 

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