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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 Dixiedeeon Nov 01, 2024 12:29pm
86 Views
Post# 36292478

RE:RE:RE:Financing? Why worry?

RE:RE:RE:Financing? Why worry?

Iam not a fan of ATM to raise money and they have not said they will raise additional money that way just that they have that option my guess and choice would be a private placement .They have had absolutely no problem raising money to this point so why you would say they are at a point no one wants to finance them is rediculous . You may even get a major participanting in the next capital raise 
you don't seem to grasp the difference between an exploration company and an actual miner you continuously mix the two up to validate a negative towards Newfound gold This team has done a superb job to date de -risking while expanding the # of zones and the deposits .I have all the faith in the world that they will continue to do so 

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