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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 alwil106on Aug 05, 2024 9:23am
82 Views
Post# 36164390

RE:Gold, and the lesser of the metals, silver, are

RE:Gold, and the lesser of the metals, silver, areThat was in 1914. In 1923, at the most fevered moment of the German hyperinflation, the exchange rate between the dollar and the Mark was one trillion Marks to one dollar, and a wheelbarrow full of money would not even buy a newspaper. Most Germans were taken by surprise by the financial tornado.
1980 gold price of $850 to debt ratio would put the gold price to debt ratio today at $32,000 and a lot more when interest rates rise as already seems likely with the 10yr bond down 10% in the last couple of days, means interest rates will go up, hyperinflation is baked in, see what your credit card will buy then. Nobody will be able to afford Tech stocks when any money available would be required to service debt.
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