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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 wajacon Oct 06, 2021 2:57pm
302 Views
Post# 33974564

Analyst Coverage

Analyst CoverageNFG is being covered by one analyst and is rated as a hold. GBR [Great Bear Resources] on the other hand is covered by 8 and is recommended a buy. But GBR is about five years into the game whereas  NFG barely has a year under its belt. Considering that it is making excellent progress. Nine, soon to be ten,drills are working and there's a ton of core to be assayed. To use a medical term, the prognosis for NFG is excellent. It will live and prosper and so will we. The share price has reached an hiatus and has been floundering around for some time. Not to worry, though, many stocks do this and then one day market sentiment changes and they go on to new levels. The same thing will happen to NFG. The big picture has not changed. The gold is there and the drills are finding it.



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