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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 Apr 10, 2024 5:26pm
128 Views
Post# 35982203

RE:RE:RE:RE:RE:Wow K2 is exploding with gold

RE:RE:RE:RE:RE:Wow K2 is exploding with goldI know it hard to wrap one's head around an exploration company actually doing exploration but that is what NFG is and that is what they are doing and you talk about dilution it all depends what they do with the money day to day operations well that would be money spent dilution money invested on actual drilling well if they find more gold in the ground than it cost to drill then it would not be dilution it could actually be the opposite yes they have found a lot of gold share price hasn't always reacted to the positive results right away but at some point that changes and the market say holy cow look at all the gold newfound gold has in the ground an it gets revalued at it true value .Patience is a virtue and when you invest in the gold sector and the jr space you need a little patience sometime. Newfound gold starting to mine one of their several extremely high grade near sepurface deposits that could be a possibility we just aren't there yet we need to drill using the siemic to expand some existing zones and drill to depth before a real concrete plan could be acted apond Iam sure they are looking at. It. Along with many other sernario we just need to let this great management team complete the tasks at hand so they can continue to make more great decisions for all the shareholders in a timely systematic way 
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