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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 > Inflation numbers coming out on Tuesday
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Comment by AlwaysLong683on Apr 10, 2022 12:12am
309 Views
Post# 34591439

RE:RE:Inflation numbers coming out on Tuesday

RE:RE:Inflation numbers coming out on Tuesday
Retiredgeo wrote: There are lots of unhappy investors who want profits not promises.  Unfortunately, this is a multi-year story which is going to play out slowly.  It is hard to predict what will excite the market or when. I watched the dribble of retail trades yesterday.  For such an impressive story that was hard to take!



Retired, I agree - NFG will likely be a multi-year story unless they get taken out before then. The share price may rise signficiantly in the not-too-distant future, but I believe that will depend on meeting / exceeding the assay result expectations of those institutional and retail investors who hold the 50M+ (or 32% of) of total NFG shares outstanding as these guys do the day-to-day trading (whether you agree with their assessment of the drill results or not).
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