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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 Dixiedeeon Jan 13, 2025 6:14am
88 Views
Post# 36400648

RE:RE:RE:RE:RE:Gold in the ground

RE:RE:RE:RE:RE:Gold in the ground Ck said they have enough money to complete the MRE and PEA 
I would not be surprised if they do a small sale of shares through the ATM to have a buffer I don't think any large financing will happen until the MRE and PEA is complete and how big will depend on the plans going forward guided by the MRE and PEA results 
I still belive this is a gold district play and a number of sernario's could play out a buy in or a partial sale 
or a partial development of some of the near surface high grade zones with continued exploration or a combination of all of the above over time .CK is not a mine builder he is an aquire of ground and an exploration company guy ,I think his preference would be a sale to big gold .that being said that can be structured many ways with cash and shares so participation in the growth would still be there 
everything is just speculation for now No really decision's will be made until the MRE and PEA are complete if big gold doesn't step up in a big way after that then I can see them starting to mine the high grade shallow ore body's themselves just my opinion 
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