New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > Continuity and high grade gold

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Comment by suregold2on Sep 20, 2024 6:56pm

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RE:Continuity and high grade gold

Agree, if we wake up one morning with a halt and then news of a major taking a 10% interest at a per share price of 2 times or more existing price, then the ball game changes in minutes. Think it cannot happen, well I got news for you, I held a stock about 20 years ago trading at $2.40 on a Thursday close, and on Friday it halted with news of one of the big majors taking a 10% interest at $5.50 per share! I hope that is what NFG is trying to attract here as next round of financing. Further flow throughs, or ATM type financings will not be good news for us at this late stage of development.

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