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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 Kincar3on Apr 13, 2023 9:43am
143 Views
Post# 35392705

RE:RE:NFG 2021 & 2023

RE:RE:NFG 2021 & 2023That said, i'm not convinced TA really applies well to companies like NFG.  Newfound is the first CND explorer I've tried to trade and it has struck me as a very news/event oriented stock.  If they announced more debt or a new awesome drill result, the price woudl swing accordingly no matter what charts were saying about direction.  Macro trend looks to be up, based on metal prices and apparent quality of the site.  That, and volume, has encourged me to give up trading this and hold onto some shares for a couple years and see if I can participate in soemthing special. 
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