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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 Dixiedeeon Sep 10, 2024 10:56am
141 Views
Post# 36216614

RE:RE:RE:News is Overdue

RE:RE:RE:News is Overdue 300 million US$ amount of shares does not mean it will be sold it is only in the treasury and available for sale They may sell through ATM ( at the market ) but my guess is they made these shares available 
to sell to a strategic partner or to sell on an bought offerings to develop parts of the project that maybe bulk sampling open pit mining or some other option the project is getting derisked on a daily basis and though it isn't moving as fast as some would like we are going in the right direction.That being said the share price is in the dumpster along with all the other jr gold exploration companies the market will turn at some point my guess is gold will take a good run between now and year end and continue hire in 2025 the jr space will follow at some point and catch up and surpass the big gold producers if history repeats itself like it always does . If you belive they have the goods like I and others here do .Then buy when others are fearful and sell when others are joyful .I belive we are in the fearful mod at this point .
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