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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 Dixiedeeon Dec 09, 2022 8:21am
170 Views
Post# 35161196

My thoughts

My thoughts My thoughts on NFG nothing has changed they still have great previous results they still have lots of core samples at the lab waiting for results they are still drilling and completing their fully funded 400000 meter drill program they have still found multiple new high grade zones that they have extended 

something Has changed they have cashed up at 8 for 50 mil
and cashed up @5.64 for 36.5 mill and possibly another 7.5 mill at 8 (15% of the 50 mil overalottment) so this means they will have approx 94 mill in the bank plus the 55 mill they already have that is for the existing drill program 

my point is they now have the means to grow this thing into something huge we all just got a smaller piece of a larger pie 
and it could be a very large pie 

if you have the means and the forsite to buy at this price congratulations if you don't have then just sit back and enjoy the ride with the skin you have in the game already either way 
you will be happy at the end of the ride 
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