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 > NFG's Lucky Strike Property Sold in Ontario

<< Previous

Bullboard Posts

Next >>

Comment by Retiredgeoon Feb 22, 2023 11:54am

76 Views

Post# 35298473

RE:NFG's Lucky Strike Property Sold in Ontario

Warrior is currently trading at $0.045 CAD. The ~28 million Warrior shares that NFG will receive will be worth ~1.3 million CAD in stock. Unless NFG can find a buyer for them their real value will be close to zero.

I consider the lucky strike property to be surplus baggage so good riddance either way.

<< Previous

Bullboard Posts

Next >>

Two micro-cap stocks with strong fundamentals