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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

Post by jimmymacon Feb 15, 2024 7:00pm
139 Views
Post# 35883139

Similar to Pretivm Resources

Similar to Pretivm ResourcesYou get on board a winner, and there are always delays; some are unnecessay.
Pretivm, for example, had the frantic run up on discovery, settled around $7 to $9, and then
so called experts started quiestioning methods of assaying, etc. and the shares flopped to
the $4 range on two occasions. Eventually this richest gold mine in Canada went into
production, traded up to the high teens, and was taken over by Newcrest in 2021 for
$3.5 billion.
The unnecessary delay for shareholders of NFG was the period when the company
felt they had to complete a complex check of their own results.
Two more recent delays revolve around their financing deciisions, twice in fourteen
months, to besmirch existing shareholders with financing methods known to be
detrimental to the market price range in each case.
Spring is appreaching, a time of renewed hope and energy, and it is always helpful
to find that when the major markets surge to new highs, the more speculative mining
shares have been known to join the party

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