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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

Comment by GGGsOldFriendon Jan 10, 2022 8:40am
170 Views
Post# 34299189

RE:RE:RE:RE:RE:RE:Regarding a buyout...

RE:RE:RE:RE:RE:RE:Regarding a buyout...

The FED talks. Talk is now tool number 1, 2, and 3. The FED is painted into a corner. Last I knew, they STILL hadn't actually tapered yet. I don't think they can taper to zero. I don't think they can raise three times. I'm not sure they can raise once. We'll see how markets react when the FED actually does something other than talk. 


Their only exit strategy is to pray inflation numbers reverse so they can justify less hawkish talk. My best guess is that they will end up trying to follow through on taper and maybe even a hike or two. Bond yields will continue to climb and the stock market will take a beating. Then they'll have to reverse course and metals will fly, pretty much regardless of what inflation is doing at that point. 

If I'm right, the biggest, smartest money sees it coming and they're accumulating physical, not paper. 

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