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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 Dixiedeeon Sep 01, 2024 11:30am
682 Views
Post# 36204635

Undervalued

Undervalued By my calculations the current price represents approx 2.5 million ounces in the ground plus cash on balance sheet I like others belive currently we have more just in what is above 600 meters now if we have what geology suggests at depth which is multiples of what is at shallow depths.After all the gold comes from below it doesn't fall from the sky .we have a lot of things on our side but it will all come down to following the gold down to depth.we will get revalued at some point to the upside in my opinion 
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