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.

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New Found Gold Corp

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Post by likeikeon Jan 01, 2022 3:45pm

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Post# 34276433

ceo

 			@guydel The biggest beneficiaries of much-higher gold prices ahead are the fundamentally-superior mid-tier and junior gold stocks. They rallied sharply with gold into mid-November, but were dragged back down to their stop losses by a bout of heavy gold-futures selling. Our stoppings averaged out to neutral, fully recovering our capital. So we've been aggressively redeploying buying back in low in our weekly newsletter.
 			1
 			31 Dec 2021, 13:11

 					 
@Dave4x4Actually, the biggest beneficiaries will be the marginal gold producers with low grade deposits. If gold jumps $200 per ounce a producer already making $200 an ounce profit will just see its profit double, but a marginal producer currently making just $50 an ounce profit will see profit go up by 500% or better a money loser will suddenly become profitable. Leverage is higher for marginal companies, not superior companies. Explorers on the other hand they will go up, but again the ones with high grade deposits will rise less than those with lower grades, just the way the leverage works.

 			@guydel The biggest beneficiaries of much-higher gold prices ahead are the fundamentally-superior mid-tier and junior gold stocks. They rallied sharply with gold into mid-November, but were dragged back down to their stop losses by a bout of heavy gold-futures selling. Our stoppings averaged out to neutral, fully recovering our capital. So we've been aggressively redeploying buying back in low in our weekly newsletter.
 			1
 			31 Dec 2021, 13:11

 					 
@Dave4x4Actually, the biggest beneficiaries will be the marginal gold producers with low grade deposits. If gold jumps $200 per ounce a producer already making $200 an ounce profit will just see its profit double, but a marginal producer currently making just $50 an ounce profit will see profit go up by 500% or better a money loser will suddenly become profitable. Leverage is higher for marginal companies, not superior companies. Explorers on the other hand they will go up, but again the ones with high grade deposits will rise less than those with lower grades, just the way the leverage works.