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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 Aug 27, 2024 8:58am
171 Views
Post# 36197377

Maritime is not Bound by the Tolling Mou

Maritime is not Bound by the Tolling MouFew realize that this is a fact.

Maritime already has over $1 billion in its insitu gold reserves , doubling that with over 300,000 ounces convertible by infil and definition drilling beginning once this financing is completed, that there is now 1.5 million ounces of gold stranded NL without a processing option, transportable by sea, that Dundee , Maritime's controlling shareholder, is now altering its share structure , changing its business model towards producer status, has added two of its executives to the Maritime Board, that Maritine has the richest metal pantry than any junior gold in Canada, that Firefky and Maritime are co consolidating their 
processing assets at Point Rousse........all of which means that NFG cannot assume that Dundee will agree to wait for a revenue stream that is dwarfed by Maritime processing its own gold assets...

In essence, NFG is currently a mendicant not a hegemon.

AIMHO.



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