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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 Dixiedeeon Oct 30, 2023 9:06pm
141 Views
Post# 35708426

RE:RE:RE:Cash

RE:RE:RE:CashThey sold shares at a 22% premium to todays close I would say that's a good thing 
now if they create more value than they received in cash then it's a double win and so far they have been able to create value by finding more zones now they are continuing to find more gold while derisking the project 
I still believe they will have multiple deals and this massive land package will be broken up into a number of mines with a number of partners I don't think it will be one buyer takes all it is just to big and still to much to explore that's my take we will be getting paid here multiple times from multiple mines 
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