Post by
hisandlos on Nov 04, 2021 9:49am
this aint no new found gold
I have said this over and over on companies riding the coat tails of New Found, just because
one company in the area is having success does not mean another company in the same
jurisdiction will do the same. When you have had companies like K9 beside Sokoman reach
a dollar per share in valuation when they had not even drilled a hole, and Labrador reaching
its highs based on the excitement of New Found and not their own drill results. When you
have had company after company reach lofty levels based on nothing then there comes a time
when if you do not come up with the goods yourself you are going to get punished big time.
Labrador has continuously provided numbers that are not very encouraging.
The companies who are going to be mines and it will only be a handful are Marathon, New Found,
possibly Sokoman (however very early to call this one and they are spreading themselves thinly ).
At the end of the day buy a company based on its valuation and its own merit and not the
momentum created by the marketing.
Comment by
hope21 on Nov 04, 2021 11:46am
I own both NFG and LAB But do not necessarily agree that Lab does not have the potential. It is too early to make any assumptions.