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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 > Is this why investors are leaving NFG and NKG in droves??
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Post by Evenkeel123on Oct 24, 2024 10:14am
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Post# 36280122

Is this why investors are leaving NFG and NKG in droves??

Is this why investors are leaving NFG and NKG in droves??@theubiquitousman @goldbugx Agreed, and in the case of Nevada King as per Yahoo, Collin receives $902,000 USD as CEO (and they just hired a new President-do you think Collin will take a reduction in pay?). The CFO and another co-founder pull out another $500,000 or so between them. I challenge anyone to find another company in the junior space that has a market cap of around $100MM USD and is years from ever being a mine that pays their head guy over $275,000 USD. In addition Collin pulls down another $385,000 USD for heading up New Found Gold Corp. The two people who do all the work at Atlanta the operations manager and exploration manager don't have their salaries listed on Yahoo. This unjustified massive base compensation (in my opinion) is one of the reasons I no longer hold the stock. Good luck to all you current shareholders though, the junior space has been a difficult place to make money.
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