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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 BlindBoyon Jul 25, 2023 7:13pm
120 Views
Post# 35556833

RE:Excuses out of The Stick

RE:Excuses out of The StickWhat's your point ?  You're comparing a 4 year old (2-19) discovery with a 17 year old discovery from 2006 (Keith Barron's Aurelian Resources, which established a huge gold resource, and ran from penny stock status to around $40, and were later taken over by Kinross in 2008,  many years before they were bought out by one of the most respected and powerful junior mining groups in the world (the Lundin Group) in 2014. 

Since the Fruta del Norte takeover, Lundin Gold put the mine into production in 2019, and the LUG shares have been doing reasonably well, now trading in the mid $18 range. Nevertheless, this has been a long term process for Fruta del Norte, and is still lower than the (near) $40 peak of the discovery days.




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