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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

Post by Kewl002on Oct 05, 2021 1:17pm
242 Views
Post# 33967626

An article on C E O BB = why NFG is so valuable

An article on C E O BB = why NFG is so valuableThe following arttcle was posted on C E O BB and, imo,  it highlights why NFG is such an awesome investment for retail shareholders.

https://www.reddit.com/r/Wallstreetsilver/comments/q12jfo/this_may_or_may_not_inspire_people_to_stack_more/?utm_medium=android_app&utm_source=share

Our company share structure is UNIQUE in the world of junior mining companies.

Most have massive institutional ownership and only minor retail/insider shares - so institutions generally determine when a company gets sold and to whom.  NFG is completely opposite - and frankly a share structure that I haven't seen often over 30 years -- ownership is solidly in the hands of 3-4 key players with institution/retail along for the ride. 

Every exploration company valuation is determined by the drill bit -- but -- our success as shareholders depends on the ethics and morality of Kettle, Sprott, Laviolette (and Roberts via his position as CEO).

If they DO NOT succumb to the temptation to act like those mentioned in the article above but rather appreciate that retail investors gave them the startup funds needed to find this motherload, than we all have a chance of riding this story to true riches alongside them.

NFG's available/tradeable "share float" is exceptionally smalle in comparison to most juniors (~50M shares) AND most companies of  +$1B valuation.

Manipulators will have a much harder time driving the price if these 4 indifividuals above choose not to enable same and so far they have only shown a desire to drive the price higher.

Yes - it is unfortunate that we had to endure a no-news blackout for 4 months while the t's were crossed and i's dotted on MAJOR corporate structure changes -- but that was necessary at some point so during the period where assays are backlogged anyway was a great choice of timing. And now that is completed and behind us.

I look forward to seeing what this team can do and just how far they can take NFG. The only way the company falters is if they lose control of the share structure!!  We already know the drill bit is doing it's job -- quite spectacularly!!
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