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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 Keepdiggingon Dec 10, 2024 11:59pm
130 Views
Post# 36355939

Hang on brighter days coming

Hang on brighter days comingYes the burn rate has decreased and is probably still declining. I'm confident management will do all they can to avoid dilution until its unavoidable. There's no doubt that one or more companies are sifting through the exploration results to try and attach some kind of value to the deposit(s) as they stand. Remember  Kinross bought Great Bear with no MRE. I agree that NFG deposits could be the huge, they definately have some of the greatest drill holes. Would not surprise me to see some deal or sale before the snow melts.
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