New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Gold action

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon Sep 20, 2023 2:47pm

170 Views

Post# 35645873

RE:Gold action

Gold is up $10 and its upward rise has little long term chance of being restrained .

Based on the FED estimates that rates in 2026, when US debt may hit $50 trillion will be 3%.

This means that blended interest on US debt will be ~$2 trillion, double where it is now.

So, to sustain just obligatory operating expenses, it will have to keep printing and printing.

It has already lost the control of the oil price which is now in BRICs hands and they have their sights on the POG..

<< Previous

Bullboard Posts

Next >>

Investors eye Australian gold mining projects amid promising developments