New Found Gold Corp V.NFG

somewhat disagree especially with his tone

[likeike]

@mike Gold Summary for June 30, 2022 2022-06-30 19:33 ET - Market Summary by Stockwatch Business Reporter Speaking of sagging share prices, Collin Kettell's New Found Gold Corp. ( $NFG ) has bumbled its way below the $6 mark for the first time since its meteoric rise in the spring and summer of 2021 took it to a high of $13.50. New Found, down 27 cents to $5.77 on 357,000 shares today, has not had new assays from its Queensway project in north-central Newfoundland since early June, and it has not had the long, bonanza-grade hits that sparked the earlier surge in a year. Not that there is anything wrong with the assays this year: In June, the company drilled a two-metre interval averaging 85.5 grams of gold per tonne in its Lotto zone, and in May, a 2.15-metre strike in a new area just north of the Keats zone averaged 275 grams of gold per tonne, while in March, a 14.15-metre zone at Golden Joint returned 69.15 grams per tonne. What the market is missing, however -- and one disappoints impatient investors at one's peril -- are the spectacular results obtained last year from those areas. Recall -- who could forget? -- when Golden Joint produced a 5.25-metre strike averaging 430.2 grams of gold per tonne, Lotto delivered 150.3 grams per tonne across 11.5 metres and Keats revealed 146.24 grams per tonne across 25.6 metres. Another thing the market is missing is results, spectacular or indifferent. New Found has 12 drill rigs beavering away on the property, with the energetic 400,000-metre drill program now half completed, and it is looking to add another two rigs to the program. At some point -- soon one hopes -- the logjam will break, and the company will receive a torrent of assays, but until then, New Found's shareholders will find little to cheer about.

[braindeadoldguy]

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