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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 goldanalyston Mar 15, 2022 9:26am
174 Views
Post# 34514521

This last $150 draw down

This last $150 draw downwill break all but the most ardent gold bug....it's the way it usually works.....only the strongest and those not on margin can withstand this kind of onslaught...tomorrow right on cue gold and gold stocks will start their mutli-year rise....and not a moment earlier.....the market will try to squeeze every last penny out of this draw down today....hang tight and prosper....we've offically retraced to the 50% fibonacci retracement level....$1915....I believe this level will find support for the day....but the damage has already been done to all but those who plan to hold for the longer term....not for the faint of heart~

GLTA
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