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.

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New Found Gold Corp

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Comment by fredo1on Feb 12, 2025 12:21pm

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Post# 36449902

RE:RE:RE:RE:What if PALI buys out NFG?

Dundee has a new US$380 million capex project in Serbia. That's enough to absorb their tax loss carry forward. They don't need NFG. Owning 43% of MAE with HD mine and potential tolling revenue from Pine Cove is enough to generate US$120 million/anum for 5-6 years gross, $50 million net to Dundee.

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