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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 Jun 17, 2023 6:10pm
199 Views
Post# 35502025

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

RE:RE:RE:RE:RE:RE:RE:KeatsMost of the value of a property doesn't show up until the mining phase (that is why it is purchased).  Selling an exploration property is letting someone else reap the rewards.  

Eric bought into an existing mine and made is huge fortune during mining.  Fosterville was not some exploration property like Queensway.

Mining can be extremely expensive and risky but not in central Newfoundland right outside the town of Gander!  You can't ask for a better locale.  I'm not the least bit concerned about the risks.

Everyone is out to make money and the most money will be made during mining.  I'm greedy and I see the enormous long term potential of the property.  Damn the costs and risks, let's see a mine plan(s).
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