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 > Royalty Sales to Fund Further Development

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon Nov 08, 2024 8:27am

45 Views

Post# 36302738

RE:RE:Royalty Sales to Fund Further Development

It's a moot point whether raising funds for develoment via royalty sales is any better or worse than raising funds by diluting equity.

I don't like equity reduction that is normally associated with Capex for Mine Development.

Royalties have no equity dilution and are deferred to later production.

I prefer Royalty sales.,

<< Previous

Bullboard Posts

Next >>

Advancing flagship Ishkõday Gold Project in Ontario