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 > Gold at 1900$ and this stock is dead in the water at 5$

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Comment by goldanalyston Jan 13, 2023 11:05am

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Post# 35221118

RE:RE:RE:RE:Gold at 1900$ and this stock is dead in the water at 5$

I think it makes sense
There's less money out there looking for a place in equities
Most everyone who's a gold bug already has their position. I'm not buying more for example.
We've just been through a brutal bear market and people don't trust this new bull market
Fresh money is needed but it won't come from gold bugs.
Once the general investor starts believing and buying we will get our chance to make money and sell at higher prices. Until the masses come we will be sitting here

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