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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 suregold2on Dec 18, 2024 6:20pm
118 Views
Post# 36369191

RE:RE:RE:First Monetization Project …Keats Trench

RE:RE:RE:First Monetization Project …Keats Trench
Believe it or not, I owned a junior trading at $2.40 on a Thursday evening close some 20 years ago. On Friday morning around 10:00 AM if memory serves me correct, we got a NR with news of a major buying a 10% interest at $5.25 per share. So, believe me it is possible. NFG has to raise funds here before February 15. Maybe it will be another flow through or an ATM issue, but my bet is a deal for an entry by a major. So, I risk being laughed at but it is not a BS call. It is based on real history. At the time I owned well over 50,000 shares in that company, so my memory is very clear on what happened.
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