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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. 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

Comment by lifegoesonon May 08, 2021 11:34am
236 Views
Post# 33159742

RE:Long term hold

RE:Long term holdRetiredGEO, you sound a lot like me, retired, used to be in the industry and now enjoying life. Plays like NFG don't come along everyday. I remember BRE-X, it was crazy but when Guisman was pushed from the helicopter, it was time to sell, and sure enough, the cores were salted but this wasn't disovered until thousands of millionaires were born. But the big difference today is the quality controls put in place for reporting, so NFG is as real as it gets. However, everything has its cycle and risk, and must be managed accordingly. With 10 drill rigs turning, there is sure to be more spectacular results that will drive the price higher and higher. The next leg up will be when they get their US listing, then there will be more than one analyst covering it. And then the next leg up will be when they pushlish a compliant 43-101 resource. Then the big boys will really pay attention. I have posted on other boards with positions I have taken thinking that all the little guys are gong to play sooner or later, LAB, NFLD and SKYG are my other horses. LAB and NFLD are now tied at $0.80 (coming from pennies), and I hope SKYG is soon to follow. Good Luck, but I don't think we are going to need it.
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