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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 > How do you price an explorer
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Comment by erieshoreon Feb 01, 2023 9:37am
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Post# 35259107

RE:RE:How do you price an explorer

RE:RE:How do you price an explorerRetiredGEO
  Thanks for your post. Given your formual and estimate of 5 million ozs as of now, that implies a value of $25 per share. So, the previous high of 13.50 seems reachable again before too many years, one would think. Especially with more discoveries likely.
  Why do you (or others) think they haven't yet drilled deeper?
Erie 
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