New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

New Found Gold Corp. is a Canada-based mineral exploration company. The Company is 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 an 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 also owns a 100% interest in the Kingsway property, which consists of 264 claims on three licenses covering approximately 77 square kilometers. The project is located approximately 18km northwest of the town of Gander, Newfoundland. The Company is undertaking a 650,000-meter drill program on Queensway. It has royalty interests underlying Keats South and several additional zones in Queensway.

TSXV:NFG - Post by User

New Found Gold Corp > Price of gold starting the day lower

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Comment by megacopperon Mar 03, 2021 12:25pm

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Post# 32705513

RE:Price of gold starting the day lower

megacopper wrote: https://www.kitco.com/news/2021-03-03/Commerzbank-feel-gold-should-stabilize-but-do-not-rule-out-some-slight-slippage.html

And don't you love the way NFG's share price is holding up through this pullback in the price of gold. Once gold bottoms out and starts to head higher again things will really heat up. The turning point is coming very soon. Gold should bottom out between $1650 and $1700 any day now and hopefully explode upwards afterwards. Of course the US dollar and the yield on the 10 year US treasury bills will dictate what will happen but I feel we are at an inflection point.

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