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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 Sciencegeek1on Sep 10, 2021 8:20pm
191 Views
Post# 33844262

RE:RE:RE:Good morning everyone. Here we go again. POG down

RE:RE:RE:Good morning everyone. Here we go again. POG downIs there anybody here old enough to have invested around the time of the last two market crashes who honestly thinks cryptos and meme stocks are not going to get slaughtered in the next correction?  I started trading a little before the tech bubble in 2000 and on Mega's point - yeah I learned quickly that a stock's good fundementals do not necessarily translate to interest from people purchasing stocks when the markets get frothy.  Overvalued?  Who cares.  It was all greed and market sentiment. Back then you could invest in ANYTHING tech-internet related and be guaranteed the stock would go up and up and up...until they didn't and everything inverted. It's hard to believe until you have actually lived through owing a stock that was worth over $100 and seeing it crash to being less than $1 with no real change to the underlying fundementals of the business. Most people just can't imagine that could ever happen, or think they can easily get out when something like that starts.

Based at least on my past experience, I am quite happy to invest in NFG and hold for the next 5-10 years given the amazing drill results so far, the high chance that this area can be economically mined and because it is very well finanaced and has an excellent management team.  None of that will matter to most buying crypto or AMC stocks now, so any dips like this when everyone seems to get frustrated, impatient and gloomy I see as nice times to add to my position. GLTA.
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