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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 BlueChipper2020on Jul 07, 2021 6:31pm
186 Views
Post# 33509703

RE:RE:Gold up again

RE:RE:Gold up again
Sciencegeek1 wrote: Not too surprised.  When it got listed it went up to $2 pretty fast and then hovered there for about a month.  Then it doubled to $4 and stayed there for 5 months. And now 11 months after listing they are 8X+.  Considering the valuation, pretty damned good.

I expect it will take a breather here in this range for a while but I am pretty confident this will be at $20+ by year-end.  As far as de-risked early explorers, NFG is as good as it gets.

GLTA


Great recap which is 100% on the money and summarized in 1 paragraph. I thought about buying on the last slip under 4 dollars CND many months ago but did not since I was in 4 juniors and that was my risk capital limit. Also at that time they had the one 19M x 92gpt hole. Well I bought about a month ago average cost around 11.50CND. WHY?? You know the answer. The recent PRs giving NFG Godzilla legs and a lot of underlying valuation support. This is a safer investment than buying many many blue chips but many just do not get it. Not a pot or crypto stock or even the majority of blue chips on the planet which is such low risk as NFG here. That's the crazy part. GLTA BC
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