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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 Gangstermeon Mar 24, 2022 3:18pm
130 Views
Post# 34542682

RE:RE:Wow this might be next Fosterville

RE:RE:Wow this might be next Fosterville

Go figure for sure, gold is up, great new results, and the volume is up, yet price has moved marginally after initial bump. Would love to understand who is selling today and did not sell yesterday or the day before.

If the sellers today are not pleased with the new assay results it is beyond me to understand why they originally purchased this stock. If the sellers are selling short, they really must not have a clue what these recent assay results mean for the ever increasing volume of gold to be discovered on this huge property.
 

Again I do not understand why a company such as Barrick would not be slowly picking up stock on the open market today if they are potentially going to acquire it. They could pick up stock today at a lower price than they, or another major, will be paying in the next few years, or like me and other investors, they will realize a huge profit on their investment when the property is developed by whomever.

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