New Found Gold Corp V.NFG

Good Article on the Underlying Support for Gold Price......

[DanWarren]

.....and hence price floor for Gold.

https://www.kitco.com/news/article/2024-02-07/usd-gold-market-hides-massive-shift-global-demand-now-price-insensitive

This is a very key factor I think for how gold will act in the event of a significant bear market in Western Economies, given the possible/likely bursting of the 'Everything Bubble'.

[DanWarren]

Further, that has always been a question to me, as to how gold stocks and NFG in particular, might act in the event of the bursting of the 'Everything Bubble', which I assume WILL burst. The ironic thing is that in the midst of the Everything Bubble, gold stocks are at historic, deep undervaluation levels, the likes of which have never, or rarely been seen in all of history of the gold

[Dixiedee]

I don't see the same urgency as you do Dan as far as a jr goes they have progressed at lighting speed  yes this is a large drill program on a very large land package that they have undertaken and are drilling only a small position of the overall land package but still a very large portion of land when compared to others .They have many wheels in motion they have hired an experienced mine

[DanWarren]

Thanks for the long response Dixie. The point to get mining North Queensway ASAP is to get cash flow coming in ASAP. By getting cash flow coming in from high grade ore you accomplish proving the high profitability of high grade gold as a strong financial stability base for NFG. As Erich Sprott said in his keynote speech in the Gander Newfoundland conference last Spring, it took the stock market