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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 JRafflesUKon Jun 17, 2023 2:04pm
167 Views
Post# 35501867

RE:RE:RE:RE:RE:RE:Keats

RE:RE:RE:RE:RE:RE:Keats
I agree with your view of what Denis Laviolette's preference may be (not to mine), since he is a project explorer, rather than a miner. The Pallisade Gold inclination may also be the same.

However, with Eric Sprott's personal and family trust holdings of ~30% of NFG any sale would have to convince him that he would get full value by following this route.

However, a sale structure that could be acceptable to all shareholders could be where a very high NSR would be payable and be affordable with high grades. 

In this regard, I recall that AEM offered a 5% NSR even when purchasing the relatively low grade, but high volume, Canadian Malartic mine from Osisko.

What heights of a NSR could NFG achieve from a potential buyer, if open pit opportunities could yield many multiple of normal open pit grades?
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