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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 > Gold Price Hits New High …$3930 CAD
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Comment by nozzpackon Jan 21, 2025 1:05pm
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Post# 36413692

RE:Gold Price Hits New High …$3930 CAD

RE:Gold Price Hits New High …$3930 CADIf you accept Napkin Math estimate of 7 million ounces  as a decent conservative estimate of QWN gold resources, it's worth about $70 cad  per ounce in the ground .

At 95% recovery, that same ounce would generate a revenue of over $3800 CAD when produced.

The diference is in its status.

We need to produce..


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