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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 Retiredgeoon Apr 05, 2023 9:30am
131 Views
Post# 35380680

RE:RE:Ah yes, and thd discussion continues

RE:RE:Ah yes, and thd discussion continuesThe big mining companies have become risk adverse.  They want the entire project derisked before they tender an offer.  NFG is a long ways from that point.  It may have to create an operating mine with a huge cash flow before Agnico Eagle makes an offer.

The goal is to create that operating mine with or without a joint venture partner.  First, the property has to be properly explored and even Appleton North is nowhere near that standard.

Will a Kinross come out of nowhere and make an offer Eric and Colin can't refuse?  That is always a possibility.  No matter how cards are cut the shareholders are going to cash in eventually.  That is why I am here.
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