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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 Aug 15, 2023 2:07pm
214 Views
Post# 35589457

RE:Nfg fully funded

RE:Nfg fully funded Many successful mines start out small and incrementally grow.  It is those who go deep into debt to fund a big mine from the gecko who run into trouble (Pure Gold etc).  Once NFG gets a taste of gold bars and the sale thereof there will be no turning back.

A profit margin per 400 oz gold bar will mean more to the money people and future NFG shareholders than more drill hole results.  By my calculation there is 25 million ozs at Appleton North down to 2000 m, worth 50 billion USD, but as of this moment few care.  We need to change that!
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