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 > Nowhere bound.

<< Previous

Bullboard Posts

Next >>

Comment by Retiredgeoon Oct 22, 2024 5:40pm

77 Views

Post# 36277548

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Nowhere bound.

There is a difference between book value and market value. You can't list gold in the ground as a monetary asset until it comes out of the ground. The same applies to all commodity industries. The biggest oil reservoir in the world has zero book value until the oil comes out of the ground.

My point being unless you take the gold out of the ground it is worthless. An escalating gold price mostly benefits the producers.

Which previous questions are you referring to?

<< Previous

Bullboard Posts

Next >>

Golden Minerals closes Yoquivo gold-silver project sale