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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

Post by nozzpackon May 29, 2024 8:27pm
160 Views
Post# 36063429

11.99 Million Options @$3.91 in the Money

11.99 Million Options @$3.91 in the MoneyAs of March 31, 2024, 98% of those were in the money at $5 and exercisable at an average price of $3.91.

Thats a potential source of $45 million in cash inflow .

Just another very strong incentive for CK to get the share price up so that those options are exercised....besides the 25 million shares that the family owns 

Surely, with most shareholders underwater, there are many obvious  reasons why they should be flooding the inbox of NFG with their legitimate concerns that , with so many obvious financial benefits from early production and an associated MRE,  more attention isn't being made to publicly address this issue by publishing their strategic plans to enhance shareholder value .

Hands up those who have..


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