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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 Dixiedeeon Jul 11, 2022 9:51pm
195 Views
Post# 34816924

Gold action in one word

Gold action in one word Gold action in one word US$ strength period 
US A raising interest rates faster and higher than the rest of us is giving the dollar strength 
this is putting pressure on gold in US$ in almost any other currency gold has gone up the last day or two 
once the USA rate increases slow or stop gold will move higher 
I don't believe they will raise rates high enough to beat inflation which would have to be at least higher than the inflation rate 
may to middle of aug is a weak time for gold we should do much better after that 
all this being sold some drilling results could make a huge difference in the share price on any day going forward and we have a lot of drill results pending 

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