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 > Yah

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Comment by nozzpackon Oct 09, 2024 5:12am

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Post# 36258884

RE:RE:RE:Yah

"To compete with 4 million Fosterville ounces, QN needs 12 million oz of 20gms gold."

Not quite true.
Mine life outweighs grade.

4 million ounces = $110 million US in revenue

12 million ounces= $330 million US in revenue

NPV much higher for 12 million ounces

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Two micro-cap stocks with strong fundamentals