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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 Evenkeel123on Jan 21, 2025 2:51pm
89 Views
Post# 36413901

What's it worth??

What's it worth??It's worth what someone is willing to pay after all factors are taken into account, and I mean all factors.

Go ahead, list them all, from permits to infrastructure to equipment, to labour costs to an onsite mill and a couple of dozen other things, and then you are left with - oh oh, how much gold did they say they have?  A portion of that will be settled in about 6 months.  In the meantime, the new management team will do exactly that, figure out what they are worth, who buys that type of gold deposit, who potentially has the money vs. what wil it take and is it worth it to produce it themselves considering the length
of time it will take to get to the starting line.

However, there are now people in mangement who are not bankers but are miners.  Things may take a twist that you never thought of.  Stay tuned.  It';s still risky business.

EK
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