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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 Dixiedeeon Nov 13, 2022 5:07pm
67 Views
Post# 35095296

RE:RE:RE:Dilution

RE:RE:RE:Dilution
itsjustme1 wrote:
eldreco wrote: You are such a continuous chiseler, itsjustme.  You never seem to change.
el d

itsjustme1 wrote: Is the one thing that has me worried. Aggressive drilling = expensive drilling.
NFG needs to impress market faster than dilution scares it. The race is on.
We need some big intercepts over 2 to 5 meters before our next drill program

 


I am a realist. You can bury your head all you want. Good luck.  "55 million cash and marketable securities"
Dilution is unavoidable in my opinion


 

You know this is a jr now don't you only why to advance the project is drill then prove up a resource 
you talk about Dilution as if this was a producing mine 

bottom line is they will at some point raise more money hopefully at a much higher evaluation than it is today either by selling shares are taking on a partner if they raise money and spend it to add value it's a win win 
if they take on a partner reducing risk and add value it's a win win 
only time I get upset with a company raising money is when they do it at a discount to market price which this company has not or spend it foolishly which this company has not 
I think your worried about something that really isn't an issue at this point 

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