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.

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New Found Gold Corp > Open Pit Mining Profile

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Comment by Evenkeel123on May 28, 2024 9:41am

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Post# 36060111

RE:RE:RE:RE:RE:RE:RE:Open Pit Mining Profile

There are always exceptions in every sector and it is cyclical. You got lucky and did your homework.

The play here is much more on the paper side then the gold in the ground, I believe. Something big is coming, and I don't think in the end it will please the shareholders. Just my take. If that changes, and the PEA happens, then we shall see, but for now it is dead money for sure.

EK

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