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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 Gangstermeon Jun 05, 2023 2:55pm
194 Views
Post# 35480957

RE:Anyone care to guess ?

RE:Anyone care to guess ?There should be no takers.....not sufficient info yet to do this.

I am waiting with great anticipation for the information from the seismic work. Even then no way of calculating even then.

They have not one, not two, not three but several more potential mines. One or two at least open pitable mines and then how many underground operations. Seismic might discover a huge deposit that we, at this point, have no concept. Of the size or the grades. Retiredgeo is only commenting and doing rough calculations on what is known so far, they have only explored a small portion of the deposit. And, yes there will be more dilutionof the shares going forward was they need more exploration funds. So get in line with a financial broker so you can buy some of these shares. I am always sick of people complaining about dilution, it affects you and me but also Palisades and Sprott. So surprised at how many have no idea how the market works
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