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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 Retiredgeoon Jan 29, 2022 7:23am
248 Views
Post# 34374091

RE:Valuation

RE:ValuationNew zones are being discovered and released all the time.

Market cap isn't hype.  They actually have a world class gold deposit(s)

Valuation has been flat lined for the last 4 months.  It is not steadily dropping.

If the market was not impressed NFG would be back to a dollar.  Clearly the market is impressed, even in these tough times.

NFG management doesn't have to give a **** about retail investors.  A handful own 2/3 of the shares.  Your happiness is irrelevant.

As mine builders they know exactly what they are doing.  As pumpers they do not.  That is a good thing.

Mitigating circumstances have been crushing the flow of results since late June.  Hopefully, we are through the worst of it now.

I have been a long term investor since April.  I would like to see $50/share but I am not in a rush, nor, am I the least bit worried.  The share value is in the ground.  The rest is detail.  If you can't wait Bitcoin needs your money and support.
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