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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 nozzpackon Oct 09, 2024 4:48pm
88 Views
Post# 36259997

RE:Cost of moving ore to Maritime

RE:Cost of moving ore to Maritime Thank you.

As ES as pointed out, when you have a high POG, the cost of transportation is a very modest addition to cash costs.

Currently oil prices are where they were 5-6 years ago which is a far cry from $95 + that it has been until lately.

It all comes down to whether CK wishes to float, bloat and hope that a decent offer comes our way that 
is better than his luxurious life style that is not burnished by the extra stresses of moving to early production.

Just look across at the disasters that his leadership has done to NFG, PALI and NKG share prices, his high school failures in trying to spin out moose pastures forPALI and NKG.....following high school failures in investing in those moose pastures.

Had NFG had competent energetic leadership like SGD, our share price would be close to $10.

Just my opinion based on prima fascia evidence,..

AIMHO

GLTA


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