New Found Gold Corp V.NFG

Alternate Symbol(s): NFGC

Metals & Mining Gold

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

New Found Gold Corp > A good post!

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Comment by JRafflesUKon Nov 06, 2021 7:59am

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Post# 34095358

RE:RE:RE:A good post!

The Greek is sure that quite a few people will soon be regreting selling NFG.

I was surprised to see the overreaction to the news release yesterday.
Therefore, I sold 2000 Hecla and bought 2000 NFG at C$7.15.

Although Hecla had a 3% rise from the time of my sale, NFG finished over 12% on the day above my purchase price.

This enabled me to bring down my average cost of NFG and although I believe that Hecla will move firmly upwards with metal prices, the prospects for NFG at my C$ 7.15 buying price is likely to be proportionately higher.

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