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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 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 a 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 is undertaking a 500,000-meter drill program at Queensway.


TSXV:NFG - Post by User

New Found Gold Corp > For those of us interested in Fosterville type deposits...
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Comment by AlwaysLong683on Jun 14, 2021 8:12pm
176 Views
Post# 33386158

RE:For those of us interested in Fosterville type deposits...

RE:For those of us interested in Fosterville type deposits...
Warlockkk wrote: you might want to check out the story of ESNR, I really can't believe they are still under a buck. their N/R today makes NFG look mediocre. Don't get me wrong they are still in very preliminary stages BUT!!! 



Warlock,

Pretty simple explanation from my perspective (though I've never heard of ESNR prior to today):


1) It had been trading in the 30 - 40 cent range for over a month with no real news of significance.

2) Thursday June 10 just before 2pm:

Trading halted at 0.37.

3) Monday June 14 at 9pm (just before market open):

Announce a 1,781 g/t x m core in a safe mining jurisdiction (Australia), which makes it better than all but the top 3 NFG cores and far bigger than any core produced by any other Central Newfoundland gold junior that has a ticker symbol other than NFG 

3) Closes at 1.26 today (for a one-day gain of 241%). 


No surprise here:

Thursday before halt: No news of any such core.

Mondeay before market open: Huge core revealed, and it's off to the races.


So, on the one hand, outstanding single core, and probability would suggest there may be more to come. However, how exactly does this make NFG's results to date look "medicore".....?

Regardless, the core speaks for itself and this one will be interesting to watch as I continue to be a NFG-only guy.





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