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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 MAKEITBACKon Jan 10, 2025 11:24am
127 Views
Post# 36398068

New direction

New direction        If the shorters do not cover it is because they have deep pockets and are holding down the share price for a possible buyout. They don’t care if they lose some money. The way to beat them is to become a producer. The only way to do that quickly is to merge with MAE. Producers don’t care about what Crypto does, because they are selling their gold at $3000 an ounce. The shorters lose their ability to control the price because the company now has a great p/e ratio and that will drive the price. No more dilution of shareholders and drilling paid for. They could have bought Pointe Rousse for 6 million dollars but did not. They could be toll milling their high grade open pit deposits but they are not. One has to wonder if these guys actually have the best interests of shareholders at heart. Fingers crossed that new management will take a different direction.
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