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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 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

Comment by Retiredgeoon Dec 12, 2023 12:26pm
107 Views
Post# 35780152

RE:RE:Can’t get no respect

RE:RE:Can’t get no respectYou can't blame the current share price on the Lassonde curve - mine development hasn't begun yet.  We are still in the exploration stage.  Numerous outside forces have conspired against NFG such as the worst environment for junior mining stocks in 50 years; a disconnect between commodity prices and the miners; the competition of digital assets; the high tech sector gobbling up most of the investment money and let's not forget tax loss selling season.  NFG won't improve in a meaningful way until the macro environment improves in a meaningful way.

I am also invested in Snowline and MAG silver and they are both suffering in this environment.  One of these days the world is going to discover that it can't run on imaginary metal.
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