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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 Gangstermeon Apr 26, 2022 4:25pm
160 Views
Post# 34633582

NFG finding some strength today

NFG finding some strength todayEncouraging that NFG finished the day up slightly.

Gold managed a small gain while silver ended down and the stock market, specially the DOW was way down.

The divergence might be signally that finally gold is being perceived as a hedge against what is happening in the world, in the Ukraine and with inflation.

There would have been many margin calls today for sure. Even with this there was not significant selling.

As the ongoing assay results keep coming in and expanding this gold resource there is ample reason to feel very secure owning this stock, not only as an inflation hedge but for the likelihood of a significant capital gain.

Did I mention Bitcoin down today as well?

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