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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 BuccteethBillyon Aug 30, 2022 7:25pm
88 Views
Post# 34931088

See

SeeAtaloss1 Anyone here acctualy beleive gold should be anywhere near this price? I doubt it.. Is this company sitting on a crapton of easy to mine gold?? Yes.... So I'll just hold this and wait for the depression or hyperinflation that IS comming before Christmas. Let them piss around with the games. I know exactly why I bought gold and this company

Hyper inflation he says. Whats that going to do to the cost of producing the stuff. One sided logic. No clue. he thinks because gold moves up that all producers will be rolling in dough.

Introduction to Economics. The cost of producing anything over time is slightly above breakeven. Supply demand. Like cheeseburgers. 


Billy
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