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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 > Gold at $1940...war politics or macro economics?
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Comment by AlwaysLong683on Mar 01, 2022 7:10pm
124 Views
Post# 34473147

RE:RE:RE:Gold at $1940...war politics or macro economics?

RE:RE:RE:Gold at $1940...war politics or macro economics?
megacopper wrote: Is anyone watching the big gold majors like Barrick and Newmont? They are always the first movers in a gold bull run and they are making strong moves upwards right now. Gold bugs will eventually move some of those profits into companies like NFG. The huge gains made in the gold majors will always trickle down to the juniors. Still very early days guys. Give it time. This latest gold bull run is still in its infancy. The best is yet to come for the sector.


While I agree NFG's share price could get a significant boost from the price of gold alone if the gold price goes on a real tear, NFG is not even a junior producer yet and likely won't be for at least another couple of years if they are not taken over, so my guess is it will be the senior producers that will see their share price steadily rise if the price of gold does the same, then investors might look down-cap to junior producers who are also selling ounces, then, if the price of gold really takes off, junior explorers like NFG.


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