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 > question about palisades

<< Previous

Bullboard Posts

Next >>

Post by shiftyoneon Feb 15, 2024 3:41pm

158 Views

Post# 35882634

question about palisades

I was reading through the NFG releases, many on the list are put out by palisades. pali.

The releases say that they own 25% of NFG. But stockhouse shows their market cap at only $87 million. So that seems like the obvious way to own NFG.

But, you can save me some time here. Why the difference in value? Is the share count for PALI way off on stockhouse? Or do they have a ton of debt?

I'll look closer, but maybe someone can answer those questions easily and quickly for me.

Thanks.

<< Previous

Bullboard Posts

Next >>

Cannara reports record growth and profitability in Q4 2023