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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 Delphi008on May 22, 2021 9:22am
258 Views
Post# 33253672

RE:Question for members

RE:Question for membersI subscribe to a number of research services and my favourite is the Outsider Club. They have a stable of very capable analysts that cover the SME sectors and publish under various banners. Junior miners are covered by Luke Burgess and he publishes under the banner of Junior Mining Trader. His first mention of NFG was in the fall of last year when he gave a 'shout out' to the stock during one of his webinars and mentioned it as one to watch closely. I put it on my Watch list but didn't buy any at that time. He finally published a report early in the New Year, recommending the stock. I initiated a position at $3.30 and have been building on it every since with ten purchases ranging from the initial one at $3.30 up to the most recent at $7.80.

So 'cueball40', that's my answer to your Question to Members. I doubt that Luke was the first to recognize the potential of NFG but I'm quite pleased with his timing. I'm now sitting on 'free stock' and will sit back and enjoy the ride. 

BTW, I've been retired for twenty years but spent my entire career in investment banking. While I don't claim to know Eric well, I have followed his activities very closely and have profited nicely by acting on his lead. He's not perfect and has had his share of loosers but his secret is diversification and his losses are small while his winners are usually 10+ baggers. 
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