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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
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Comment by BladeMasteron Mar 01, 2024 9:23am
62 Views
Post# 35908767

RE:Gold action

RE:Gold actionYes, 4th straight month where we've ended in the +$2k range... 

However, inflation adjusted, we have some work to do in order to break the 2011 highs... 

Gold would need to run towards +$2500 / oz to challenge the "All-Time" inflation adjusted high ~ I expect gold miners to finally participate on the next run (imminently IMO) towards $2300

The truth is that profitablilty has suffered immensely on broad cost inflation, but higher gold prices are the cure
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