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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

Post by Dixiedeeon Nov 10, 2024 10:11am
121 Views
Post# 36305229

Imagine the profitably

Imagine the profitably Imagine the profitability of this gold body and what higher grades do to profitability They  exponentially 
turn into more profit per ton 1.8 grams per ton is profitable but 5 or 6 or more almost all that extra grade gets added to the bottom line . We have some extremely high grades which could give us a very high average grade .The upside potential here is way higher now than any downside risk in my opinion 
for every 5 million ounces in the MRE we could be worth 9 plus C$ or more so will it be 5,10 ,20 million ounces in this initial MRE and we also can conclude there is most likely a lot more than the initial MRE will state at depth like the geology suggests the surface and near surface gold 800 meters and less came from below it didn't fall from the sky .Exciting time to be a shareholder on this generational gold district discovery that is about to be launched 
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