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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 Mar 21, 2024 10:50am
71 Views
Post# 35944921

RE:Newmont selling

RE:Newmont selling
Evenkeel123 wrote: With Newmont selling 6 quality tier 2 type mines that are up and running and profitable, who needs NFG and the headache of startup costs, permitting, etc. It's all about the numbers.

Think about that, the numbers to make it work vs an up and running mine.

EK

is it better to have 6 tier 2 mines or one tier one mine that will produce more than the 6 tier 2 mines put together is it better to keep mines that all their tax deductions are used up in a profitable gold bull market that's just getting started or have enormous tax breaks and write offs and a tier one asset that keeps growing hmm maybe they are building a cash position to take a swing at NFG before it gets to big my statements while all just talk proably makes more sense than the dribble you have put together 

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