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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 GGGsOldFriendon Dec 16, 2021 1:50pm
159 Views
Post# 34237699

Just an opinion...

Just an opinion...My read on today's price action after yesterday's PR, is that the sell-off on the basis of the assay discrepancy is officially over.  NFG may not really move up until positive news is released on new drill results and/or on the assay resolution, but I don't think it's going to trade down any further on the assay question.  Until we get good news sufficient to move the price up significantly, my best guess is that we basically trade with gold and with the broader miner indexes.  In the meantime, as we wait for that news, I do think there may be a bias to the upside as compared to gold and the miner indexes, all things being equal.

In short, I think the assay selling is over, and I think NFG likely trades with gold and the other miners, with a possible bias to the upside, until we get positive news.  Just my opinion.  
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