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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 Stockpicks96on Apr 11, 2022 10:08pm
141 Views
Post# 34595723

RE:RE:RE:RE:RE:Is Canstar near NFG and are they worth investing into?

RE:RE:RE:RE:RE:Is Canstar near NFG and are they worth investing into?Really good post guys... ill try and add to it. The person who introduced me to junior mining a number of years ago said that junior mining is like real estate... location, location, location. Many companies achieve overblown valuations on the backs of being located next to a winner (in this case NFG) but ultimately the drill bit is the judge, jury and executioner of success in this game. I wish them well, but LAB is a textbook example of this right now. Their valuation is almost entirely based on being on the same fault line as NFG, and to date they just have not been able to find even a quarter of the grades that NFG has. The only other company that is deserving of even a fraction of the hype that NFG has is SIC. Moosehead is shaping up to be a real sleeping giant as I'm sure many on this board are already aware of, but it is quite literally a mom and pop shop of a company compared to NFG. Goodluck to all!
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