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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 > How much is gold in the ground worth?
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Comment by shiftyoneon Dec 29, 2024 11:43pm
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Post# 36380347

RE:RE:RE:RE:How much is gold in the ground worth?

RE:RE:RE:RE:How much is gold in the ground worth?If gold in the ground is worth $3-400 an ounce.  Then NFG has a serious marketing problem.  Because the market is only pricing it like it has just over a million ounces at those prices.  They have done a lot of drilling, with a lot of high expectations.  If the MRE comes in at I'm guessing less than 7 million ounces, with some of it requiring underground mining, I don't see a huge increase in market value.  Except for perhaps temporarily.  Expectations are high.
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