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 > Nozzpack just so you know

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon May 23, 2024 9:57am

93 Views

Post# 36053794

RE:Nozzpack just so you know

Thank you.
The facts are as expressed in their exclusive tolling arrangement with MAE, if they choose to begin early mining, which as far as I know, is a decision already made.

A lot of high net worth investments in NFG and MAE ..ES , Dundee, PALI , Black Rock etc ....know that the highest return on that investment will come from mining Queensway and they are not about to wait another 6 years of continous equity dilution of their investment for that to happen.

It is not CK 's decision.

The PEA will be very interesting as deduced from DPM proxy ( posted today ) and others, and should blow the top of this share price...

<< Previous

Bullboard Posts

Next >>

Rig Count Soars as Utilization Surpasses Industry Averages