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 > So lets do some math

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Comment by Goldziggyon Dec 08, 2022 4:27pm

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Post# 35160252

RE:So lets do some math

LetsMine wrote: Lets say they stop looking for gold more because they already have millions and billions of ozs.

Lets say that to build a sizeable mine its going to cost $1b.

If they raised $50 and it dropped $.66 then to raise $1b it will drop another $13.20

Ziggly, check my math.

The Mathmortician

They wont build anything. They will sell it

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