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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

Post by Torontohomer1on Jun 28, 2023 10:16am
166 Views
Post# 35518335

NFG - Future Events

NFG - Future EventsJust wondering how everyone see the next few years playing out with NFG. I am long at around $6 per share and looking to add to my position. Of course highly speculative conversation but curious how everyone sees things playing out. 

Did anyone notice that there was no Q1 financials released? Thoughts? 

How soon do you think they will need to raise more capital with a share issuance? Is this dilution affecting your investment decisions?

Do you think the goal is to sell the property to a gold major? Or develop the mine themselves? 

If the sell/ get bought out - When?

If NFG moves forward with a mine construction themselves, what do you think that timeline looks like? What obstacles would be in the way? 



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