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.

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New Found Gold Corp > Does the management have ulterior motives to let SP tank?

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Comment by Ragnartradingon Nov 01, 2024 10:27pm

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Post# 36293337

RE:Does the management have ulterior motives to let SP tank?

They are giving us enough hints ( subliminal messages) to know....

Royalty buyback
2 million dollars loan to Maritime and toll milk agreement
7 meters space drilling at their readying locations ( definition drilling)
Metallurgy tests....

Pretty obvious

They will start bulk mining next year, right after maritime gets their milk in working order.

At average grade over half ounces per ton and free milling gold ( miners dream) this will be the most profitable mining company in the world.

But hey

I know nothing:-)

Godspeed fellas

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